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

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/06/2019

Dans cette étude, nous dressons un état des lieux du secteur bancaire européen sur le sujet central de la solvabilité (impact réglementaire…). Notre analyse montre à quel point : 1/ il s’agit d’un élément significatif de différenciation et 2/ il devrait déterminer les orientations stratégiques au sein du secteur. Elle établit enfin une hiérarchie sans véritable surprise et vient conforter notre préférence pour CASA (Achat, OC 15.5 €). - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/21/2019

In this study, we present the state of play of the European banking sector with regards to the core issue of solvency (regulatory impact, etc.). Our analysis reveals to what extent this: 1/ is a significantly differentiating factor and 2/ should determine strategic direction within the sector. Lastly, it establishes a hierarchy that contains no major surprises and which underpins our preference for CASA (Buy, target price € 15.5). - ...

Alexandre Iatrides

Telecom Italia : CDP trying to wed TI and EOF, Buy vs Neutral, target price € 0.6 vs € 0.5

>TIM signs NDA with CDP and Enel to discuss merger terms with EOF - TIM yesterday issued a press release notifying that it has signed an NDA with Cassa Depositi e Prestiti (CDP) and Enel with a view to evaluating a potential combination between TIM and Enel Open Fiber (EOF). As a reminder, Enel Open Fiber is 50%-owned by CDP and 50% by Enel. EOF has already rolled out 4m lines in Italy and had secured a € 3.5bn loan to finance € 1bn in investments per year over the ne...

Alexandre Iatrides

Telecom Italia : La CDP tente de marier TI à EOF, Achat vs Neutre, OC à 0.6 € vs 0.5 €

>TIM signe un NDA avec la CDP et Enel pour parler fusion avec EOF - TIM a publié hier soir un communiqué informant de la signature d’un NDA avec la CDP et Enel avec pour objectif d’évaluer une combinaison entre TIM et Enel Open Fiber. Pour rappel, Enel Open Fiber est détenu à 50% par la CDP et 50% par Enel. EOF a d’ores et déjà déployé 4m de lignes en Italie et avait sécurisé un emprunt de 3.5 Md€ pour financer 1 Md€ d’investissement par an dans les 3 prochaines année...

Neil Macker

Morningstar | TIT Updated Star Rating from 20 Jun 2019

Italy accounts for the lion's share of Telecom Italia's revenue. Within Italy, the fixed-line business remains more than twice the size of the mobile business. While the core retail fixed-line business continues to shed customers and see sales declines, some of these losses are being offset by growth in other areas, such as broadband and pay television.TI is one of the most leveraged telecom operators in Europe. While it has sold assets and canceled its dividend, EBITDA continues to struggle due to the weak Italian economy, causing the debt/EBITDA ratio to increase despite the firm paying down...

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

Alexandre Iatrides

Telecom Italia : CDP trying to wed TI and EOF, Buy vs Neutral, target price € 0.6 vs € 0.5

>TIM signs NDA with CDP and Enel to discuss merger terms with EOF - TIM yesterday issued a press release notifying that it has signed an NDA with Cassa Depositi e Prestiti (CDP) and Enel with a view to evaluating a potential combination between TIM and Enel Open Fiber (EOF). As a reminder, Enel Open Fiber is 50%-owned by CDP and 50% by Enel. EOF has already rolled out 4m lines in Italy and had secured a € 3.5bn loan to finance € 1bn in investments per year over the ne...

Alexandre Iatrides

Telecom Italia : La CDP tente de marier TI à EOF, Achat vs Neutre, OC à 0.6 € vs 0.5 €

>TIM signe un NDA avec la CDP et Enel pour parler fusion avec EOF - TIM a publié hier soir un communiqué informant de la signature d’un NDA avec la CDP et Enel avec pour objectif d’évaluer une combinaison entre TIM et Enel Open Fiber. Pour rappel, Enel Open Fiber est détenu à 50% par la CDP et 50% par Enel. EOF a d’ores et déjà déployé 4m de lignes en Italie et avait sécurisé un emprunt de 3.5 Md€ pour financer 1 Md€ d’investissement par an dans les 3 prochaines année...

Neil Macker

Morningstar | TIT Updated Star Rating from 20 Jun 2019

Italy accounts for the lion's share of Telecom Italia's revenue. Within Italy, the fixed-line business remains more than twice the size of the mobile business. While the core retail fixed-line business continues to shed customers and see sales declines, some of these losses are being offset by growth in other areas, such as broadband and pay television.TI is one of the most leveraged telecom operators in Europe. While it has sold assets and canceled its dividend, EBITDA continues to struggle due to the weak Italian economy, causing the debt/EBITDA ratio to increase despite the firm paying down...

Neil Macker

Morningstar | Telecom Italia Faces Increasing Competition in Italy

Italy accounts for the lion's share of Telecom Italia's revenue. Within Italy, the fixed-line business remains more than twice the size of the mobile business. While the core retail fixed-line business continues to shed customers and see sales declines, some of these losses are being offset by growth in other areas, such as broadband and pay television.TI is one of the most leveraged telecom operators in Europe. While it has sold assets and canceled its dividend, EBITDA continues to struggle due to the weak Italian economy, causing the debt/EBITDA ratio to increase despite the firm paying down...

Neil Macker

Telecom Italia Faces Increasing Competition in Italy

We are placing our fair value estimate for Telecom Italia under review. We will publish an updated report and valuation by June 15....

1 director bought

A director at Telecom Italia Spa bought 150,000 shares at 0.439EUR and the significance rating of the trade was 57/100. 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...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/06/2019

Dans cette étude, nous dressons un état des lieux du secteur bancaire européen sur le sujet central de la solvabilité (impact réglementaire…). Notre analyse montre à quel point : 1/ il s’agit d’un élément significatif de différenciation et 2/ il devrait déterminer les orientations stratégiques au sein du secteur. Elle établit enfin une hiérarchie sans véritable surprise et vient conforter notre préférence pour CASA (Achat, OC 15.5 €). - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/21/2019

In this study, we present the state of play of the European banking sector with regards to the core issue of solvency (regulatory impact, etc.). Our analysis reveals to what extent this: 1/ is a significantly differentiating factor and 2/ should determine strategic direction within the sector. Lastly, it establishes a hierarchy that contains no major surprises and which underpins our preference for CASA (Buy, target price € 15.5). - ...

Alexandre Iatrides ...
  • Jean Sassus
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/22/2019

...

Alexandre Iatrides ...
  • Jean Sassus
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/05/2019

...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/21/2019

Two weeks ago, it seemed rational to tilt our allocation more towards cyclicals and away from defensives (macro, expensive nature of the growth/quality theme). Alas! Donald Trump has gotten involved, rekindling volatility and considerably reducing visibility. What can we do when the search for security is once again pushing yields down, which is favourable for long-term sectors, often synonymous with quality but too expensive? Favour the cash flow/distribution trade combined with an a...

Ng Adrian

Telecom Italia

An unfavourable environment weighs on TELECOM ITALIA, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of TELECOM ITALIA (IT), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date May 7, 2019, the closing price was EUR 0.48 and its target price was estimated at EUR 0.42.

Ng Adrian

Telecom Italia

Ng Adrian

Telecom Italia

Ng Adrian

Telecom Italia

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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