Telecom Italia SPA Stock Gaps Up On Today's Open (TI)

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.

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