Is This Stock a Screaming Buy: Telecom Italia S.p.A. (NYSE:TI)

Equity Research firms currently have a positive stance on shares of Telecom Italia S.p.A. (NYSE:TI). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $17.84 on a short term basis.

At the time of writing, the stock was trading at $7.99. This represents a change from the opening price of 0.25%. In terms of performance, year to date, the stock is -36.52%. The monthly stock performance comes in at -10.98%. For the quarter, shares are performing at 13.42%. Weekly performance analysis shows the equity at -2.31%.

In taking a look at technical levels, shares are trading -7.26% away from the 50 day simple moving average and -16.67% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -43.65% away from it’s 52- week high and 14.96% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Telecom Italia S.p.A.’s RSI stands at 35.90. In looking at volatility levels, the shares saw weekly volatility of 1.69% and 1.78% over the past month.

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