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
James Ratzer

New Street: Potential large gains for the EU Telcos: European Recovery Fund Part 1

We are often asked whether regulatory headwinds can ever turn against the sector. With the launch of the €750bn European Recovery Fund, specifically targeted at Digital and Green initiatives, we see the clearest sign yet for emerging top-down support for the sector.

James Ratzer

New Street: Telecom Italia (Buy): Increased target on increased FTTP valuation

The stock market is still deeply skeptical on the payback of FTTP build programs, but this provides an opportunity for investors.

James Ratzer

New Street: Vodafone and Telecom Italia look oversold going into results

Vodafone and Telecom Italia share prices recently have been disappointing which we feel isn’t fully justified by underlying performances in the business as we head into the latest quarter’s results.

Telecom Italia Spa: 1 director bought

A director at Telecom Italia Spa bought 500,000 shares at 0.348EUR and the significance rating of the trade was 69/100. 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...

Thomas Coudry

Telecom: No room for Conviction Buy among telecom service providers

Telecom No room for Conviction Buy among telecom service providers Monetisation of “flight to quality” and bandwidth still awaited Only Ekinops qualifies for “Conviction Buy”, TIM downgraded New Target Prices

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.

Telecom Italia Spa: 1 director bought

A director at Telecom Italia Spa bought 500,000 shares at 0.348EUR and the significance rating of the trade was 69/100. 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...

James Ratzer

New Street: Potential large gains for the EU Telcos: European Recovery Fund Part 1

We are often asked whether regulatory headwinds can ever turn against the sector. With the launch of the €750bn European Recovery Fund, specifically targeted at Digital and Green initiatives, we see the clearest sign yet for emerging top-down support for the sector.

James Ratzer

New Street: Telecom Italia (Buy): Increased target on increased FTTP valuation

The stock market is still deeply skeptical on the payback of FTTP build programs, but this provides an opportunity for investors.

James Ratzer

New Street: Vodafone and Telecom Italia look oversold going into results

Vodafone and Telecom Italia share prices recently have been disappointing which we feel isn’t fully justified by underlying performances in the business as we head into the latest quarter’s results.

Thomas Coudry

Telecom: No room for Conviction Buy among telecom service providers

Telecom No room for Conviction Buy among telecom service providers Monetisation of “flight to quality” and bandwidth still awaited Only Ekinops qualifies for “Conviction Buy”, TIM downgraded New Target Prices

Alexandre Iatrides

Telecom Italia : Forthcoming merger with EOF and official announcement of deal with KKR

>Creation of FiberCop, a deal for which the broad lines were already known - Yesterday evening, Telecom Italia announced the official creation of FiberCop which will see KKR enter the capital of Telecom Italia’s fixed network at 37.5%. Telecom Italia will retain 58% whilst Fastweb, which was already in a joint venture with Telecom Italia will keep 4.5%. This deal values FiberCop at an EV of € 7.7bn, with debt of € 3bn and cash for Telecom Italia of € 1.8bn. FiberCop s...

Expert Corporate Governance Service (ECGS)

Telecom Italia – AGM 23 April 2020

In item 3.1, shareholders are called to a binding vote on the remuneration policy. Significant changes are proposed to the 2019 policy, which was rejected by last year's AGM, including, among others, the elimination of discretionary bonuses, a new long-term incentive plan and the introduction of ESG-related performance conditions. The quality of disclosure is at the highest levels in Italy, as all performance conditions are disclosed and targets are quantified (both annual and long-term). The CEO's aggregate variable remuneration is capped at 350% of the base salary, above ECGS' voting policy ...

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 gra...

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

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/01/2020

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Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/09/2020

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TELECOM ITALIA reduced its risk exposure resulting in an upgrade to Slightly Positive

TELECOM ITALIA (IT), a company active in the Integrated Telecommunications industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date June 9, 2020, the closing price was EUR 0.37 and its potential was estimated at EUR 0.42.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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