Telecom Italia SPA Stock Gaps Up On Today's Open (TI)
Shares of Telecom Italia SPA (NYSE:TI) were gapping up Friday morning with an open price 11.2% higher than Thursday's closing price. The stock closed at $11.03 yesterday and opened today's trading at $12.26.
NEW YORK ( TheStreet) -- Shares of Telecom Italia SPA (NYSE: TI) were gapping up Friday morning with an open price 11.2% higher than Thursday's closing price. The stock closed at $11.03 Thursday and opened today's trading at $12.26. The average volume for Telecom Italia SPA has been 321,900 shares per day over the past 30 days. Telecom Italia SPA has a market cap of $23.4 billion and is part of the technology sector and telecommunications industry. Shares are down 14.8% year to date as of the close of trading on Thursday. Telecom Italia S.p.A., together with its subsidiaries, provides fixed-line and mobile telecommunications, Internet, and media services. The company also operates in office and system solutions. The company has a P/E ratio of 5.7, above the average telecommunications industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Telecom Italia SPA as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Telecom Italia SPA Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.