Telecom Italia

Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).
  • TickerTIT
  • ISINIT0003497168
  • SectorFixed Line Telecommunications
  • CountryItaly

Analysts

Ng Adrian

Telecom Italia S.p.A.

Ng Adrian

Telecom Italia S.p.A.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- EN

Atlantia (O/P) - 9M-19: EBITDA of €5.7bn (+115%, +1% LfL) Telecom Italia (O/P): Debt Reduction, Development of Cloud Services In Partnership With Google Iliad (O/P): €1.4bn Share Buyback Offer, Financed By A Capital Increase by Xavier Niel Credito Emiliano - 9M-19: Net Profit of €158m (+4.5%) Mediobanca (O/P): Leonardo Del Vecchio's Shareholding Has Increased To Around 9.9% BPCE (O/P) - 9M-19: Pre-Tax Profit of €4.1bn (-5.5%) Expedia (O/P) - 9M-19: Operating Income of $743m (+20.2%) Arcelormittal (O/P): Fitch Affirms Its BBB- Ra...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Thomas Coudry

TELECOM ITALIA: Not quite enough to be fully confident | BUY | EUR0.65 (+23%)

TELECOM ITALIA - BUY | EUR0.65 (+23%) Not quite enough to be fully confident Further deleveraging, but negative revenue trend Further inorganic deals to drive value Revenue trend in Italy not satisfactory yet

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- EN

Atlantia (O/P) - 9M-19: EBITDA of €5.7bn (+115%, +1% LfL) Telecom Italia (O/P): Debt Reduction, Development of Cloud Services In Partnership With Google Iliad (O/P): €1.4bn Share Buyback Offer, Financed By A Capital Increase by Xavier Niel Credito Emiliano - 9M-19: Net Profit of €158m (+4.5%) Mediobanca (O/P): Leonardo Del Vecchio's Shareholding Has Increased To Around 9.9% BPCE (O/P) - 9M-19: Pre-Tax Profit of €4.1bn (-5.5%) Expedia (O/P) - 9M-19: Operating Income of $743m (+20.2%) Arcelormittal (O/P): Fitch Affirms Its BBB- Ra...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Telecom Italia S.p.A.: Update to credit analysis - New management remains focused on deleveraging

CORPORATES CREDIT OPINION 30 November 2017 Update RATINGS Telecom Italia S.p.A. Domicile Italy Long Term Rating Ba1 Type LT Corporate Family Ratings Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Carlos Winzer 34-91-768-8238

Ng Adrian

Telecom Italia S.p.A.

Ng Adrian

Telecom Italia S.p.A.

Thomas Coudry

TELECOM ITALIA: Not quite enough to be fully confident | BUY | EUR0.65 (+23%)

TELECOM ITALIA - BUY | EUR0.65 (+23%) Not quite enough to be fully confident Further deleveraging, but negative revenue trend Further inorganic deals to drive value Revenue trend in Italy not satisfactory yet

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Germany: auditor dashes hopes for the MBA-MVNO accord

>Independent expert rejects a retroactive price cut - 1&1 Drillisch had asked, as its contract authorises, an independent auditor to examine the possibility of retroactively lowering the price paid for its access to Telefonica Deutschland’s network from September 2017. As the contract runs for 19 years, it called for an auditor to consider the market impact of the terms and conditions offered to the fourth entrant. In a draft statement, the auditor announced that he w...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Allemagne : l’expert jette un froid sur l’accord MBA-MVNO

>Un expert indépendant rejette la baisse de prix rétroactive - 1&1 Drillisch avait demandé, comme son contrat l’autorise, à mandater un expert indépendant pour revoir rétroactivement le prix payé pour son accès au réseau de Telefonica Deutschland à partir de la période septembre 2017. Son contrat durant 19 ans, il avait été prévu qu’un expert regarde les conséquences sur le marché des conditions offertes au 4ème entrant. L’expert a fait savoir dans un brouillon qu’il...

1 director sold

A director at Telecom Italia Spa sold 270,000 shares at 0.500EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Rémi Adam

ODDO BHF Small & MIDCAP MORNING NEWS - 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Rémi Adam

ODDO BHF Small & MIDCAP MORNING NEWS - 25/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Emira Sagaama
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/05/2019

After a remarkable performance (+42.5%) since its addition into our Large Caps Convictions List, we are taking our profits on MTU Aero Engines. Since its launch (8 January), the ODDO Large Caps Convictions List posted, at 1 August, a performance (dividends reinvested) of 18% vs 15.3% for the Stoxx 600. Enjoy your summer holidays, ODDO BHF Strategy will be back on the week of 26 August. - - ...

TELECOM ITALIA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of TELECOM ITALIA (IT), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 9, 2019, the closing price was EUR 0.46 and its target price was estimated at EUR 0.40.

Ng Adrian

Telecom Italia

Ng Adrian

Telecom Italia

Ng Adrian

Telecom Italia

Ng Adrian

Telecom Italia

MarketLine Department

Telefonica, S.A. - Strategy, SWOT and Corporate Finance Report

Summary Telefonica, S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Telefonica, S.A. (Telefonica or ‘the company’) is a communication services provider offering mobile and fixed communication services, including wireline, wireless, digital subscriber line (DSL), television (TV), and other digital services. The company operates primarily in Spain, Germany, th...

MarketLine Department

Swisscom, Ltd. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Swisscom, Ltd. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Swisscom, Ltd. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

MarketLine Department

Tiscali Group - Strategy, SWOT and Corporate Finance Report

Tiscali Group - Strategy, SWOT and Corporate Finance Report Summary Tiscali Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Tiscali Group (Tiscali) is an alternative telecommunications operator. The company provides mobile telephone services, mobile virtual network operator, voice over internet protocol, broadband, carrier selection and telephone traffic ...

ICD Research Department

Telecom Italia S.p.A. : Technology and Communications - Company Profile, SWOT & Financial Analysis

Synopsis ICD Research's "Telecom Italia S.p.A. : Technology and Communications - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking to access key info...

Expert Corporate Governance Service (ECGS)

Telecom Italia, March 29 2019

In item 6, the largest shareholder Vivendi (23.9% of voting rights) respectively proposes to remove from office 5 non-executive Directors who were nominated by Elliott funds (9.5%) at the General Meeting of 4 May 2018. According to Vivendi, the Directors nominated by Elliott have "repeatedly breached basic and fundamental governance rules and shown a clear lack of independence". In item 7, Vivendi proposes to replace the Directors proposed for removal by 5 new Board members. Some of the breaches of governance rules complained by Vivendi were confirmed by investigations carried out by the Boar...

Telecom Italia – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 04/05/2017

In item 2, shareholders are called to an advisory vote on the remuneration policy. We have serious concerns over the possibility to pay "welcome bonuses" (€ 2.2 million paid to the new CEO in 2016), which are not linked to predefined performance conditions, and the egregious variable remuneration of the CEO Mr. Cattaneo, which is capped at approximately 864% of his base salary on an annual average basis (150% the annual cash bonus and 714% the "Special Award"). Furthermore, the variable remuneration exclusively depends on annual results: up to a maximum incentive of € 10 million may be granted...

Jérôme VINERIER

Analyse court terme - TELECOM ITALIA : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. Les Stochastiques sont en zone de surachat. La baisse peut bientôt reprendre vers 0,4661 €. La tendance de fond serait remise en cause en cas de franchissement de 0,6582 €.

Jérôme VINERIER

Short term view - TELECOM ITALIA : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level. The fall can soon resume toward €0.4661. The background trend would be questioned should prices rise above €0.6582.

Jérôme VINERIER

Analyse court terme - TELECOM ITALIA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 0,5761 € prochainement. Le prochain objectif est à 0,4661 €, puis 0,3990 €. Le franchissement de 0,6582 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - TELECOM ITALIA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €0.5761. The next target is at €0.4661, then €0.3990. Passing €0.6582 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - TELECOM ITALIA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 0,4655 €, puis 0,3662 €. Le franchissement de 0,9160 € remettrait en cause la suite de la baisse.

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