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

UPDATE: Stocks surge after robust jobs report and dovish Powell remarks

4:21 pm ET January 4, 2019 (MarketWatch)
Print

U.S. stocks surged higher on Friday, buoyed by a better-than-expected jobs report for December and dovishly interpreted remarks by the chairman of the Federal Reserve. The Dow Jones Industrial Average climbed more than 700 points, or 3.3%, the S&P 500 finished up 3.4% and the Nasdaq Composite was the best-performing major index, closing up 4.3%. Before the market open the Bureau of Labor Statistics said the U.S. economy added 312,000 jobs in December. Economists polled by MarketWatch were expecting an increase of 182,000. Stocks received a further boost when Federal Reserve Chairman Jerome Powell said during a panel discussion that the central bank "will be patient as we watch to see how the economy evolves." Investors had become concerned that rising interest rates were weighing on equity prices. In company news, shares of Netflix Inc. (NFLX) rose more than 9% after Goldman Sachs added the company to its Conviction List.

-Aaron Hankin; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 04, 2019 16:21 ET (21:21 GMT)

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