Telecom Italia SpA logo

TIT - Telecom Italia SpA News Story

€0.436 -0.0  -1.4%

Last Trade - 11:16am

Sector
Telecoms
Size
Large Cap
Market Cap £5.77bn
Enterprise Value £28.83bn
Revenue £13.60bn
Position in Universe 52nd / 727

BUZZ-Telecom Italia's shares rise as market sees room for upside

Thu 4th March, 2021 10:15am
** Shares in Telecom Italia (TIM) TLIT.MI rise over 2% on the back of better prospects for its key fixed-line domestic business and potential developments on single-network project with Open Fiber ** Kepler Cheuvreux sees room for the stock to double its value over the course of the phone group's business plan to 2023, rates the stock with a buy and raises its target price to 0.75 to 0.70 euros ** Kepler points to recent improvement in all business lines in Italy and Brazil with better customer take-up and pricing, providing visibility on return to growth and free cash flow generation ** The broker adds further value could be created mainly through a merger of TIM's landline network assets with those of rival broadband firm Open Fiber, which could unlock 5 billion euros of value ** Stock could benefit from a recovery in TIM's fixed line business, a Milan-based trader says, adding government will need to tackle the single network issue ** Stock has sharply underperformed both Europe's telecoms sector index .SXKP and Milan's blue-chip index .FTMIB in the past 12 months, dropping by around 17.6% while the industry index was down by 9%. ** Telecom Italia's shares rise 2.4% by 1000 GMT, versus a 0.14% fall in the European telecoms index .SXKP <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Telecom Italia stock perfomance https://tmsnrt.rs/3rfPBlp ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Elvira Pollina, Maria Pia Quaglia, editing by Giulia Segreti) ((elvira.pollina@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.