Telecom Italia SpA Stock Hits New 52-Week Low (TI)

NEW YORK ( TheStreet) -- Telecom Italia SpA (NYSE: TI) hit a new 52-week low Friday as it is currently trading at $8.71, below its previous 52-week low of $8.82 with 588,107 shares traded as of 2:40 p.m. ET. Average volume has been 362,900 shares over the past 30 days.

Telecom Italia SpA has a market cap of $17.95 billion and is part of the technology sector and telecommunications industry. Shares are down 16.8% 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. It also operates in the sector of office products and services for information technology.

TheStreet Ratings rates Telecom Italia SpA as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Telecom Italia SpA Ratings Report.

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