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Credit Suisse Group AG upgraded Telecom Italia SpA (ADR) (NYSE:TI) to Equal Weight in a statement released earlier today.

Boasting a price of $7.83, Telecom Italia SpA (ADR) (NYSE:TI) traded 2.36% higher on the day. With the last close down -9.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $8.45 and a 200-day moving average of $8.87. 45,790 shares of the stock were exchanged, down from an average trading volume of 97,455

Credit Suisse Group AG has upgraded Telecom Italia SpA (ADR) (NYSE:TI) to Equal Weight in a statement released on 10/17/2016.

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Telecom Italia SpA (ADR) (NYSE:TI)

Telecom Italia SpA (ADR) has a PE ratio of 16.70 with a one year low of $6.95 and a 52 week high of $14.18 Telecom Italia SpA (ADR)’s market capitalization is currently $0.

In addition to Credit Suisse Group AG reporting its target price, a total of 1 firm has released a ratings update on TI. The one year target is $16.83 with 1 broker rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

More About Telecom Italia SpA (ADR) (NYSE:TI)

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment. Its segments include Consumer, Business, National Wholesale and Other. It is engaged in developing various projects in areas, including Smart Green, Social Reading, Solutions for good schooling, Digital tourism 2.0, Smart Home, FriendTV and Big Data. Smart Green is the assessment of projects connected with the environment and potential partnerships with the local government offices for the monitoring of air in public offices and urban areas, using networks of sensors connected to the Company's Cloud. The Company is involved, either alone or in partnership with external partners, in devising and developing healthcare services at national, regional and local level.

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