Telecom Italia Reports Mixed 1Q Results, With Better Revenue but Weaker Margins; Shares Undervalued
Telecom Italia reported mixed first-quarter results, with better revenue but weaker margins. We expect these two items to basically offset each other and to maintain our EUR 0.98 per local share fair value estimate. Our narrow moat rating remains intact, and we believe the stock is undervalued. The firm reported that revenue declined 1.6% year over year, but this was due to the strength of the euro versus the Brazilian real. While our model incorporates the futures rate at the time of each updat...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.