Telecom Italia SpA
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Based in ItalyCompany profile

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment. Its segments include Consumer, Business, National Wholesale and Other. It is engaged in developing various projects in areas, including Smart Green, Social Reading, Solutions for good schooling, Digital tourism 2.0, Smart Home, FriendTV and Big Data. Smart Green is the assessment of projects connected with the environment and potential partnerships with the local government offices for the monitoring of air in public offices and urban areas, using networks of sensors connected to the Company's Cloud. The Company is involved, either alone or in partnership with external partners, in devising and developing healthcare services at national, regional and local level.

Closing Price
$5.54
Day's Change
-0.32 (-5.46%)
Bid
--
Ask
--
B/A Size
--
Day's High
5.69
Day's Low
5.44
Volume
(Light)
Volume:
233,203

10-day average volume:
297,159
233,203

Netflix shares down 2% premarket as SunTrust slashes stock price target

7:39 am ET January 2, 2019 (MarketWatch)
Print

Netflix Inc. shares (NFLX) slid 2% in premarket trade Wednesday, after SunTrust Robinson Humphrey slashed its stock price target to $355 from $410 and said it expects fourth-quarter subscriber additions to be slightly below consensus and the company's own guidance. Analysts led by Matthew Thornton said content released in December, including a Taylor Swift concert, the film "Bird Box" starring Sandra Bullock and a film length "Black Mirror' episode should close the gap. "But meaningful 4Q upside looks unlikely. We're updating our model (recent debt raise; 2019 quarterlies) and lowering our price target to $355 (higher rates, lower comp multiples) based on DCF (discounted cash flow)," they wrote in a note. SunTrust is sticking with its buy rating on the stock, however, as it expects an improved content slate heading into mid-year. Reports that the company is about to hire a new CFO--Spencer Neumann from Activision Blizzard Inc. (ATVI)--would also be a positive, if true, said the note. Shares have gained 33% in the last 12 months, while the S&P 500 has fallen 7%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 02, 2019 07:39 ET (12:39 GMT)

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