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Telecom Italia SPA ( (IT:TITR) ) has issued an update.
TIM has successfully placed a 500 million euro senior unsecured bond with a 3.625% coupon, aimed at institutional investors. This move allows TIM to anticipate part of its 2026 funding activities, enhancing its financial strategy and potentially strengthening its market position. The bond, issued under the 10 billion euro EMTN program, will be listed on the Luxembourg Stock Exchange and Borsa Italiana, and is expected to receive ratings of Ba2, BB, and BB from Moody’s, S&P, and Fitch, respectively.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.50 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
More about Telecom Italia SPA
Telecom Italia SPA (TIM) is a major player in the telecommunications industry, providing a range of services including fixed-line and mobile telephony, internet, and digital services. The company primarily focuses on the Italian market but also has a presence in other countries.
Average Trading Volume: 22,921,504
Technical Sentiment Signal: Buy
Current Market Cap: €9.59B
For an in-depth examination of TITR stock, go to TipRanks’ Overview page.