TI-A - Telecom Italia S.p.A.

NYSE - NYSE Delayed price. Currency in USD
6.71
-0.03 (-0.45%)
As of 1:21PM EDT. Market open.
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Previous close6.74
Open6.75
Bid6.70 x 800
Ask6.72 x 900
Day's range6.70 - 6.79
52-week range6.27 - 9.60
Volume37,747
Avg. volume64,042
Market cap15.895B
Beta0.74
PE ratio (TTM)10.65
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.24 (3.62%)
Ex-dividend date2018-06-18
1y target estN/A
Trade prices are not sourced from all markets
  • Telecom Italia SpA (BIT:TIT) Is Trading At A 32.52% Discount
    Simply Wall St.3 days ago

    Telecom Italia SpA (BIT:TIT) Is Trading At A 32.52% Discount

    Does the share price for Telecom Italia SpA (BIT:TIT) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the expected future cash flows and discountingRead More...

  • Telecom Italia CEO Under Fire After Bashing Directors
    Bloomberg4 days ago

    Telecom Italia CEO Under Fire After Bashing Directors

    Telecom Italia Chief Executive Officer Amos Genish is expected to face tough questions at the phone carrier’s June 25 meeting after he criticized unidentified directors for feeding "untrue and unreliable speculation," according to people familiar with the matter. The CEO, who was installed by the company’s biggest investor Vivendi SA in 2017, will be asked to explain his unusually frank comments made to reporters who were summoned to a briefing on Wednesday, said the people, who asked not to be named discussing a management issue. Genish’s position could be at risk if he doesn’t address the concerns of some board members, they said.

  • Reuters5 days ago

    Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber

    Telecom Italia (TIM) is keen to discuss combining the Italian phone group's fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. In a briefing, Genish said he saw clear economic benefits of such a tie-up, especially given the long timeframe for recouping the costs of multibillion euro investments to bring ultrafast internet to homes in Italy, where demand for speeds of up to 1 gigabyte per second is still very low. A source familiar with the matter later added that TIM had spoken about the idea to the shareholders of Open Fiber, which is jointly owned by state lender Cassa Depositi e Prestiti (CDP) and state-controlled utility Enel.

  • Reuters5 days ago

    Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber

    Telecom Italia (TIM) is keen to discuss combining the Italian phone group's fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. In a briefing, Genish said he saw clear economic benefits of such a tie-up, especially given the long timeframe for recouping the costs of multibillion euro investments to bring ultrafast internet to homes in Italy, where demand for speeds of up to 1 gigabyte per second is still very low. A source familiar with the matter later added that TIM had spoken about the idea to the shareholders of Open Fiber, which is jointly owned by state lender Cassa Depositi e Prestiti (CDP) and state-controlled utility Enel.

  • Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO
    Business Insider UK5 days ago

    Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO

    Telecom Italia (TIM) is willing to discuss a combination of the Italian phone group's fiber-to-the-home broadband operations with that of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. "We are clearly seeing the economical benefits coming from such business combination on the fiber-to-the-home efforts only," Genish told a journalist briefing. The executive, who took over at Italy's biggest phone group last year, also said a three-year business plan presented in March was proceeding well and he was encouraged by the feedback he had received from rating agencies.

  • Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO
    Business Insider UK5 days ago

    Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO

    Telecom Italia (TIM) is willing to discuss a combination of the Italian phone group's fiber-to-the-home broadband operations with that of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. "We are clearly seeing the economical benefits coming from such business combination on the fiber-to-the-home efforts only," Genish told a journalist briefing. The executive, who took over at Italy's biggest phone group last year, also said a three-year business plan presented in March was proceeding well and he was encouraged by the feedback he had received from rating agencies.

  • Telecom Italia agrees measures with unions equivalent to 4,500 layoffs: source
    Reuters13 days ago

    Telecom Italia agrees measures with unions equivalent to 4,500 layoffs: source

    An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called 'solidarity' measures, a source familiar with the matter said on Tuesday. ...

  • Reuters13 days ago

    Telecom Italia agrees measures with unions equivalent to 4,500 layoffs: source

    ROME (Reuters) - An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called 'solidarity' measures, a source familiar with the matter ...

  • The Wall Street Journal17 days ago

    [$$] Telecom Italia Tug-of-War Explained

    SA and activist investor Elliott Management Corp. have been exchanging blows in a prickly battle for influence at the telecommunications company since early 2018. Elliott Advisors, the U.K. arm of Elliott Management, began building a minority stake in Telecom Italia to push for changes to the board and strategy, including a call for the operator to sell part of its network operation and dispose or sell part of subsea cable unit Sparkle. Vivendi, however, said it supported the strategy put forward by Telecom Italia’s chief executive, Amos Genish, and criticized Elliott as taking a short-term view.

  • Italy court suspends fine on Telecom Italia over Vivendi control
    Reuters18 days ago

    Italy court suspends fine on Telecom Italia over Vivendi control

    An Italian court has suspended a 74.3 million euro ($88 million)fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. Last September Italy began to look into the failure by Vivendi to communicate to the prime minister's office that it had de facto control over the former state phone monopoly. Vivendi, which is TIM's biggest shareholder with a 24 percent stake, has repeatedly denied controlling Italy's biggest phone group.

  • Reuters18 days ago

    Italy court suspends fine on Telecom Italia over Vivendi control

    An Italian court has suspended a 74.3 million euro (65.51 million pounds) fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. Last September Italy began to look into the failure by Vivendi to communicate to the prime minister's office that it had de facto control over the former state phone monopoly. Vivendi, which is TIM's biggest shareholder with a 24 percent stake, has repeatedly denied controlling Italy's biggest phone group.

  • Billionaire Bollore says Vivendi will keep its investments in Italy
    Reuters24 days ago

    Billionaire Bollore says Vivendi will keep its investments in Italy

    Billionaire Vincent Bollore said that Vivendi (VIV.PA), the media group he controls, will keep its investments in Italy, following several setbacks it had experienced in the country. Vivendi has vowed to build a southern European media powerhouse through partnerships and via a spree of acquisitions in Italy, including taking up stakes in Telecom Italia (TLIT.MI) and broadcasting group Mediaset (MS.MI). The Paris-based group recently lost control over the board of the former Telecom Italia monopoly, in which Vivendi has a stake of around 24 percent, following a campaign by U.S. activist fund Elliott.

  • The Wall Street Journallast month

    [$$] Elliott Management's Activism in Europe Explained

    Elliott Management Corp. has waged a series of battles for control of corporate boards, and hence how the businesses are run around the world. Dow Jones explains what the activist investor does and features some of its efforts in Europe. What Is Elliott Management?

  • Berenberg downgrades Telecom Italia, citing 'toxic cocktail'
    Reuterslast month

    Berenberg downgrades Telecom Italia, citing 'toxic cocktail'

    Telecom Italia (TIM) (TLIT.MI) shares fell on Friday after Berenberg downgraded Italy's biggest phone group to "sell" from "hold", citing pressure from pending new competition, political headwinds and governance issues. The broker also cut its target price on TIM by 7 percent to 0.66 euros. Activist fund Elliott wrested board control from top shareholder Vivendi (VIV.PA) earlier in May after a two-month campaign but the outlook remains challenging for the former state phone monopoly.

  • Reuterslast month

    Telecom Italia boss says has board support, Elliott plans not discussed

    Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.

  • Reuterslast month

    Telecom Italia boss says has board support, Elliott plans not discussed

    Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.

  • Telecom Italia seeks temporary layoffs for 4,000 workers: source
    Reuterslast month

    Telecom Italia seeks temporary layoffs for 4,000 workers: source

    Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.

  • Reuterslast month

    Telecom Italia seeks temporary layoffs for 4,000 workers - source

    Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.

  • Telecom Italia shares rise after sales growth at home
    Reuterslast month

    Telecom Italia shares rise after sales growth at home

    Telecom Italia (TIM) shares rose 2 percent on Thursday after Italy's biggest phone group reported better than expected growth in first-quarter domestic sales, lifted by solid mobile operations and broadband take-up. Domestic sales at the former telecoms monopoly, which is seeking new sources of income as its traditional phone services lose appeal amid competition from Internet rivals, rose 1.7 percent in the quarter, slowing only marginally from the 2 percent growth recorded in the preceding three months. The domestic sales rise was "boosted by a surprisingly strong wireless unit.

  • The Wall Street Journallast month

    [$$] Telecom Italia Profit Rises Despite Fine

    SpA (TIT.MI) said its net profit rose in the first-quarter despite taking an earnings hit related to a fine imposed by the Italian government under the so-called “Golden Power” rule. Italy’s largest telecoms operator reported late Wednesday an 8% increase in quarterly net profit to €216 million ($256.7 million) from €200 million a year earlier. Revenue fell to €4.71 billion from €4.82 billion a year earlier, due to a negative exchange-rate effect in its Brazilian business, while earnings before interest, taxes, depreciation and amortization fell to €1.82 billion from €1.99 billion.

  • Telecom Italia Quarterly Sales Rise on Mobile Subscriber Growth
    Bloomberglast month

    Telecom Italia Quarterly Sales Rise on Mobile Subscriber Growth

    Telecom Italia SpA posted first-quarter sales that beat analysts’ estimates driven by growth in domestic mobile and broadband subscriber numbers. In the carrier’s first results since U.S. activist investor Elliott Management Corp. took control of its board this month, Telecom Italia said revenue rose 2.7 percent in organic terms to 4.71 billion euros ($5.5 billion). Elliott defeated Vivendi SA after shareholders supported its call to improve corporate governance and push for asset sales and a reintroduced dividend.

  • Reuterslast month

    Telecom Italia first-quarter earnings fall on golden power provisions

    Telecom Italia (TIM) (TLIT.MI) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA), TIM said comparable earnings before interest, tax, depreciation and amortisation (EBITDA) fell 4.9 percent to 1.89 billion euros (£1.65 billion). Italy's biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil.

  • Telecom Italia first quarter earnings fall on golden power provisions
    Business Insider UKlast month

    Telecom Italia first quarter earnings fall on golden power provisions

    Telecom Italia (TIM) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi, TIM said comparable earnings before interest, tax, depreciation and amortization (EBITDA) fell 4.9 percent to 1.89 billion euros ($2.23 billion). Italy's biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil.

  • Telecom Italia first quarter earnings fall on golden power provisions
    Business Insider UKlast month

    Telecom Italia first quarter earnings fall on golden power provisions

    Telecom Italia (TIM) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi, TIM said comparable earnings before interest, tax, depreciation and amortization (EBITDA) fell 4.9 percent to 1.89 billion euros ($2.23 billion). Italy's biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil.

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