|Over a month ago|
Telecom Italia price target lowered to EUR 0.50 from EUR 0.52 at JPMorgan » 11:2607/2307/23/21
JPMorgan analyst Roman…
JPMorgan analyst Roman Arbuzov lowered the firm's price target on Telecom Italia to EUR 0.50 from EUR 0.52 and keeps a Neutral rating on the shares.
|Over a quarter ago|
DAZN and TIM announce Serie A distribution agreement » 14:5903/2603/26/21
DAZN and TIM announce…
DAZN and TIM announce they have signed a distribution agreement which, by extending the existing partnership, will bring the content of the streaming service on TIMVISION for the next three years. "DAZN, which was awarded the television rights for Serie A football matches for the 2021-2024 seasons, will continue to distribute matches via the internet and has chosen TIM as its strategic partner. This will make TIM the reference telecom and Pay TV operator offering DAZN content in Italy. The new partnership will be active from July 2021 with dedicated DAZN service offers reserved for TIM customers including Serie A matches, which count on an audience of around 5 million households at present mainly via satellite. The partnership with TIM represents another step towards DAZN's growth and consolidation on the Italian market," the companies stated.
Telecom Italia upgraded to Neutral from Underperform at Exane BNP Paribas » 06:3503/1803/18/21
Exane BNP Paribas analyst…
Exane BNP Paribas analyst Sam McHugh upgraded Telecom Italia to Neutral from Underperform. The firm's work finds evidence of positive change in consumer attitudes towards telcos, but sees a spike in demand and willingness to pay for faster broadband in Italy and Germany and rising price sensitivity and low willingness to pay in Spain, McHugh tells investors in a research note. The analyst expects sector top-line to rebound to growth in 2021 as Covid comps ease, leaving him just below consensus.
Telecom Italia plans to cut up to 1,300 jobs in Italy this year, Reuters reports » 14:0803/0803/08/21
Telecom Italia intends to…
Telecom Italia intends to slash up to 1,300 jobs in Italy this year through a voluntary arrangement, Reuters' Elvira Pollina reports, citing two union sources. The possible job losses would amount to roughly 3% of the company's workers in Italy and be implemented through an early retirement scheme, the author says, noting that the company may also weigh hiring new personnel to boost a digital drive. Reference Link
Tim SA upgraded to Sector Perform on valuation at Scotiabank » 07:5503/0203/02/21
TIMB, LILAK, TIAOF
As previously reported,…
As previously reported, Scotiabank analyst Andres Coello upgraded Tim SA to Sector Perform from Underperform with the stock having fallen "well below" his unchanged price target of $13 per ADR. Based on guidance, he believes the current share price fairly reflects the company's ability to deliver a roughly 10% pro-forma free cash flow yield, Coello tells investors. For investors looking for a new short opportunity in Latin America, Coello recommends looking at Liberty Latin America (LILAK), on which he has an Underperform rating. LiLAC is more leveraged than Telecom Italia (TIAOF) and has exposure to the some Caribbean islands that are under significant fiscal pressure, argues Coello.
Telecom Italia upgraded to Hold from Sell at Berenberg » 06:4812/0712/07/20
Berenberg analyst Carl…
Berenberg analyst Carl Murdock-Smith upgraded Telecom Italia to Hold from Sell with a price target of EUR 0.38, up from EUR 0.33. ld: Consensus revenue and EBITD expectations for Telecom Italia have declined significantly over the past 18 months, and "several drags will ease" in 2021 and COVID-19 headwinds should partly reverse, Murdock-Smith tells investors in a research note. As such, the analyst struggles to justify a negative stance on shares of Telecom Italia.