Telecom Italia S.p.A. Stock Rating Reaffirmed by Sanford C. Bernstein (TIT)

Telecom Italia S.p.A. (BIT: TIT)‘s stock had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a €0.65 ($0.84) target price on the stock.

Shares of Telecom Italia S.p.A. (BIT: TIT) traded down 0.38% during mid-day trading on Tuesday, hitting €0.6470. Telecom Italia S.p.A. has a one year low of €0.5320 and a one year high of €0.8570. The stock’s 50-day moving average is currently €0.80. The company’s market cap is €12.475 billion.

TIT has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Telecom Italia S.p.A. in a research note to investors on Thursday, May 23rd. They now have a €1.18 ($1.53) price target on the stock. Separately, analysts at Banca Akros reiterated an “accumulate” rating on shares of Telecom Italia S.p.A. in a research note to investors on Wednesday, May 22nd. They now have a €0.77 ($1.00) price target on the stock. Finally, analysts at AlphaValue reiterated a “buy” rating on shares of Telecom Italia S.p.A. in a research note to investors on Thursday, May 16th. They now have a €1.15 ($1.49) price target on the stock.

One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of €0.90 ($1.16).

Telecom Italia SpA is an Italy-based company engaged in the communications sector. It is engaged mainly in the fixed and mobile national and international telecommunications sector.