|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||22.14 - 22.46|
|52-week range||13.63 - 22.73|
|PE ratio (TTM)||28.51|
|Forward dividend & yield||0.09 (0.42%)|
|1y target est||22.06|
The major thrust for the telecommunications industry is coming from within the industry as a result of continuous network and product upgrade along with innovation by industry players.
The Zacks Analyst Blog Highlights: TIM Participacoes S.A., Cosan, Industrias Bachoco, S.A.B. de C.V., IRSA Inversiones y Representaciones and Vale S.A.
LONDON/MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) has chosen Goldman Sachs (GS.N) and Credit Suisse (CSGN.S) to work on the spin-off of its network, three sources told Reuters. The appointment of the banks is a strong signal of TIM's intention to push ahead with the spin-off, which has been on and off for almost a decade. The government sees the plan as an important step to boosting transparency in Italy's telecoms infrastructure and to protecting an asset which it considers strategic from foreign influence.
The Zacks Analyst Blog Highlights: Verizon Communications, Telecom Argentina, Mobile TeleSystems, TIM Participacoes and Turkcell Iletisim Hizmetleri
Brazilian telecoms provider TIM Participacoes SA launched an expansion of its fiber-to-the-home service outside the country's two biggest cities on Friday, adding to competition for Brazil's high-end broadband customers. Chief Executive Stefano de Angelis, speaking at a year-end event in Sao Paulo, added that the company was expanding its TIM Live service, a speedy internet service than can support high-quality streaming video, in the South. Until Friday, only consumers in the cities of Sao Paulo and Rio de Janeiro could subscribe to TIM's offerings of fiber-to-the-home, a technology that runs fiber optic cables directly to a consumer's home, boosting broadband speeds.
Telecom Italia's (TIM) (TLIT.MI) quarterly results fell short of forecasts, dragged lower by litigation costs and severance payments in a tumultuous year for the former state monopoly. TIM lost its chief executive in July as top shareholder Vivendi (VIV.PA) tightened its grip on the company. Then last month Italy's government, alarmed at the French company's growing influence, activated a "golden power" to have a say in TIM's strategic decisions.
Tim Participações SA , Brazil's second-largest wireless phone company, expressed concerns on Wednesday about the potential acquisition of debt-laden carrier Oi SA by state-run China Telecom Corp Ltd, adding to criticism already put forth by rival Telefonica Brasil SA. Speaking to analysts after the release of quarterly results, Stefano de Angelis, the company's president, said TIM does not like companies pressing preconditions on the government before committing to investments, as China Telecom is currently doing in its bid to acquire Oi. "We don't like companies that want to invest in the country, putting conditions on the government for those investments," de Angelis said.
Talking about technology, it has emerged as an attractive sector for investment in the past few years, given plenty of growth stocks.
BlackBerry (BBRY) focuses solely on software business. The company's deal with Tokyo Electron Device is in line with its growth objectives.
BlackBerry (BBRY) rides high on robust software sales in second-quarter fiscal 2018. The company expects further growth in this segment in fiscal 2018.