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Telecom Italia SPA
(TIT)
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Rating:51Neutral
Price Target:
€6.50
▼(-15.69% Downside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by improving financial performance—return to modest profitability and notably stronger free cash flow—tempered by thin net margins and a still-leveraged balance sheet. Technical indicators are broadly neutral with slightly negative momentum, and valuation is a meaningful headwind due to the very high P/E.
Positive Factors
Return to Profitability
The return to positive net income and operating profit marks a meaningful stabilization of the business after several loss-making years. Although earnings remain modest, sustained profitability would improve internal funding capacity and support more disciplined capital allocation over the next several quarters.
Negative Factors
High Leverage
Despite improvement from prior years, debt remains high relative to equity and limits financial flexibility. Significant leverage can absorb a meaningful portion of operating cash flow, constrain investment choices, and increase vulnerability if operating performance weakens over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
The return to positive net income and operating profit marks a meaningful stabilization of the business after several loss-making years. Although earnings remain modest, sustained profitability would improve internal funding capacity and support more disciplined capital allocation over the next several quarters.
Read all positive factors
Telecom Italia SPA (TIT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€14.03B
Dividend Yield2.29%
Average Volume (3M)11.52M
Price to Earnings (P/E)57.6
Beta (1Y)0.77
Revenue Growth-0.08%
EPS Growth158.92%
CountryIT
Employees25,622
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.12
Shares Outstanding2,135,725,800
10 Day Avg. Volume18,173,472
30 Day Avg. Volume11,517,406
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.89
Price to Sales (P/S)0.80
P/FCF Ratio12.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€6.40Price Target Upside-16.99% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.18
Revenue Forecast (FY)€14.45B
Telecom Italia SPA Business Overview & Revenue Model
Company Description
Telecom Italia S.p.A. offers a comprehensive suite of fixed and mobile telecommunications services to consumers and businesses both domestically in Italy and internationally. Its operations are organized into distinct segments: Domestic, Brazil, a...
How the Company Makes Money
Telecom Italia generates revenue primarily by selling telecommunications and connectivity services. Key revenue streams include: (1) Consumer services: recurring subscription and usage-based charges for mobile services (voice, messaging, and data ...
Telecom Italia SPA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
50
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.97B | 13.73B | 14.44B | 14.31B | 15.79B | 15.32B |
| Gross Profit | 5.55B | 13.73B | 6.73B | 7.23B | 9.13B | 9.25B |
| EBITDA | 4.05B | 2.94B | 4.80B | 4.81B | 5.51B | 1.16B |
| Net Income | 236.00M | 519.00M | -610.00M | -1.44B | -2.92B | -8.65B |
Balance Sheet | ||||||
| Total Assets | 35.88B | 36.73B | 37.66B | 62.16B | 62.03B | 69.19B |
| Cash, Cash Equivalents and Short-Term Investments | 2.23B | 3.52B | 4.57B | 4.97B | 5.00B | 9.15B |
| Total Debt | 13.52B | 13.77B | 15.54B | 31.91B | 31.19B | 32.10B |
| Total Liabilities | 22.95B | 23.25B | 24.30B | 44.65B | 43.30B | 47.15B |
| Stockholders Equity | 11.52B | 12.22B | 11.96B | 13.65B | 15.06B | 17.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.36B | 862.00M | 402.00M | -25.00M | -1.41B | 323.00M |
| Operating Cash Flow | 3.51B | 2.54B | 3.25B | 3.94B | 4.89B | 4.34B |
| Investing Cash Flow | -1.43B | -1.50B | 5.36B | -4.15B | -5.33B | -5.12B |
| Financing Cash Flow | -2.45B | -1.90B | -7.25B | -456.00M | -2.87B | 3.16B |
Telecom Italia SPA Technical Analysis
Negative
7.71
Price Trends
7.54
Negative
7.60
Negative
6.82
Negative
Market Momentum
-0.17
Positive
25.01
Positive
7.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TIT, the sentiment is Negative. The current price of 7.71 is above the 20-day moving average (MA) of 7.49, above the 50-day MA of 7.54, and above the 200-day MA of 6.82, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 25.01 is Positive, neither overbought nor oversold. The STOCH value of 7.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:TIT.
Telecom Italia SPA Peers Comparison
UnderperformOutperform
Sector (55)
IT:TIT
Telecom Italia SPA
6.68
2.07
44.86%
IT:TSL
Tiscali SPA
0.08
-0.02
-23.30%
IT:PLN
Planetel S.p.A.
3.82
-0.09
-2.20%
IT:CVG
Convergenze SpA Societa Benefit
1.64
-0.44
-21.15%
IT:ITD
Intred SpA
8.90
-0.72
-7.48%
IT:UD
Unidata S.P.A.
3.23
0.44
15.77%
Telecom Italia SPA Corporate Events
Telecom Italia Discloses Insider Share Sale During Poste Italiane Tender Offer
Sep 25, 2026
Telecom Italia has disclosed a share sale by Paolo Barroero, a member of TIM’s corporate body, amid the ongoing voluntary public tender and exchange offer for all TIM ordinary shares launched by Poste Italiane. The transaction, executed on E...
Telecom Italia Discloses Insider Share Transactions Amid Poste Italiane Offer
Sep 21, 2026
Telecom Italia has disclosed transactions by a member of its corporate bodies in connection with the voluntary public tender and exchange offer launched by Poste Italiane for all TIM ordinary shares. The company published the notice in compliance ...
Telecom Italia Discloses Insider Acceptance of Poste Italiane Tender Offer
Sep 18, 2026
Telecom Italia has disclosed a transaction related to the voluntary total public tender and exchange offer launched by Poste Italiane for TIM’s ordinary shares. A member of the TIM group’s corporate bodies accepted the offer through an...
Telecom Italia Reports Share Sales Amid Poste Italiane Takeover Offer
Sep 17, 2026
Telecom Italia has disclosed a series of small share sale transactions carried out by the TIM Group on 17 September 2026, involving ordinary shares traded on Euronext Milan at prices around €7.78–7.79 per share. The announcement is mad...
TIM Discloses Insider Share Sale During Poste Italiane Tender Offer
Sep 15, 2026
Telecom Italia S.p.A., or TIM, is a leading Italian telecom operator offering fixed, mobile, and broadband services, with its ordinary shares listed on Euronext Milan. The group is subject to Italian financial market rules and regularly discloses ...
Telecom Italia Discloses Share Sale Amid Poste Italiane Offer
Sep 14, 2026
Telecom Italia S.p.A. disclosed that a transaction involving TIM ordinary shares was carried out on 10 September 2026 on Euronext Milan, in connection with the voluntary total public purchase and exchange offer launched by Poste Italiane S.p.A. fo...
TIM Reports Insider Share Sale Amid Poste Italiane Tender Offer
Sep 11, 2026
Telecom Italia S.p.A., or TIM, is Italy’s leading telecom operator, offering fixed and mobile network services, broadband connectivity, and digital solutions to residential, business, and institutional clients. Listed on Euronext Milan, TIM ...
TIM Board Member Share Sale Disclosed Amid Poste Italiane Tender Offer
Sep 10, 2026
Telecom Italia S.p.A. (TIM) is a leading Italian telecommunications provider offering fixed-line, mobile, and broadband services, with its ordinary shares traded on Euronext Milan. The company is a core component of Italy’s communications in...
TIM Board Backs Improved Poste Italiane Takeover Terms and Waiver of Minimum Threshold
Sep 9, 2026
Telecom Italia’s board has welcomed Poste Italiane’s decision to improve the terms of its voluntary full public tender and exchange offer for TIM shares, adding an extra €0.30 in cash for each ordinary share tendered. The board a...
Telecom Italia Discloses Insider Share Sale Amid Poste Italiane Offer
Sep 8, 2026
Telecom Italia has reported a transaction involving a member of its corporate bodies amid the ongoing voluntary public tender and exchange offer for its ordinary shares launched by Poste Italiane. The filing details that TIM Group board member Seb...
Telecom Italia Discloses Insider Share Sale Amid Poste Italiane Offer
Aug 28, 2026
Telecom Italia has disclosed an insider transaction in the context of the ongoing voluntary public tender and exchange offer for all its ordinary shares by Poste Italiane. The disclosure is made under Italian securities regulations requiring trans...
TIM Discloses Insider Share Sale Amid Poste Italiane Takeover Bid
Aug 26, 2026
Telecom Italia S.p.A., known as TIM, is a major Italian telecommunications operator providing fixed-line, mobile, and data services across Italy and selected international markets. The group plays a central role in the national telecoms infrastruc...
Telecom Italia Reports Shareholder Sale Amid Poste Italiane Tender Offer
Aug 18, 2026
Telecom Italia has disclosed a share sale transaction by an individual shareholder in the context of the voluntary total public tender and exchange offer for its ordinary shares launched by Poste Italiane. The company reported that shareholder Bon...
TIM publishes half-year 2026 financial report for public access
Aug 6, 2026
Telecom Italia’s TIM Group has released its half-year financial report for the period ended 30 June 2026, together with the related audit firm’s report, making the documents publicly accessible through multiple official channels. The d...
Telecom Italia Discloses Insider Share Sale Amid Poste Italiane Tender Offer
Aug 4, 2026
Telecom Italia has disclosed a share transaction by Luciano Albanese, CEO of Telecom Italia Trust Technologies, in the context of the ongoing voluntary tender and exchange offer for TIM’s ordinary shares. Albanese sold 14,773 Telecom Italia ...
Telecom Italia executive share sales disclosed amid Poste Italiane takeover bid
Aug 3, 2026
Telecom Italia S.p.A. has disclosed that Michele Donati, Head of Enterprise Private Market at TIM, executed multiple sales of the company’s ordinary shares on 31 July 2026 on Euronext Milan, at prices slightly above €7.30 per share. Th...
TIM Reports Insider Share Sale Amid Poste Italiane Tender Offer
Jul 30, 2026
Telecom Italia S.p.A. (TIM) is a major Italian telecommunications provider offering fixed, mobile and data services and is listed on Euronext Milan. It is a central player in Italy’s digital infrastructure and a focus of investor interest gi...
Telecom Italia Discloses Executive Share Sale Amid Poste Italiane Offer
Jul 29, 2026
Telecom Italia has disclosed a share transaction in the context of the voluntary public tender and exchange offer launched by Poste Italiane for all ordinary TIM shares. The notice, issued under Italian securities regulations, reports that Quang N...
Telecom Italia Ends Equity Swap on Treasury Shares Amid Poste Italiane Offer
Jul 24, 2026
Telecom Italia has exercised an option for early termination of a Total Return Equity Swap linked to 4 million of its own shares, part of a broader 14 million share position previously disclosed. The derivative had been used to hedge the risk asso...
Telecom Italia Discloses Executive Share Sales Linked to Incentive Plan Taxes
Jul 23, 2026
Telecom Italia has disclosed share transactions by a member of its corporate bodies in the context of the voluntary public tender and exchange offer launched by Poste Italiane for all outstanding ordinary shares in TIM. The trades, executed on Bor...
Telecom Italia Discloses Manager Share Sale Linked to Stock Option Taxes
Jul 23, 2026
Telecom Italia has disclosed a transaction by key manager for Public Affairs, Sabina Strazzullo, involving ordinary shares of the company traded on Borsa Italiana. The filing follows European market abuse regulations requiring managers to notify s...
TIM completes first tranche of €109 million share buyback
Jul 23, 2026
TIM has completed the first tranche of its share buyback program, reaching the target of 14 million ordinary shares, equivalent to about 0.66% of its share capital, at an average price of €7.7840 per share for a total of approximately €...
Telecom Italia Reports Insider Share Sale Amid Poste Italiane Offer
Jul 22, 2026
Telecom Italia has disclosed a transaction by a member of its corporate bodies in connection with the ongoing voluntary public tender and exchange offer for all its ordinary shares launched by Poste Italiane. The company reported that director Cri...
Telecom Italia Executive Sells Shares to Cover Tax on Stock Options
Jul 22, 2026
Telecom Italia S.p.A. is a major Italian telecommunications operator, providing fixed-line and mobile network services, broadband connectivity and related digital solutions to consumers and businesses. The company is listed on Borsa Italiana and p...
Telecom Italia Discloses Insider Share Sales Linked to Incentive Plans
Jul 21, 2026
Telecom Italia has disclosed share transactions by a member of its corporate bodies in the context of the ongoing voluntary public tender and exchange offer for its ordinary shares. The trades were carried out by Giancarlo Grimaldi on the Italian ...
Telecom Italia Executive Sells Shares to Cover Taxes on Stock Options
Jul 21, 2026
Telecom Italia disclosed that key manager Giampaolo Leone, Chief Procurement Logistics, executed a partial sale of ordinary shares to cover tax obligations arising from the allocation of shares under the company’s 2022–2024 stock opti...
Telecom Italia Discloses Share Sales Amid Poste Italiane Tender Offer
Jul 21, 2026
Telecom Italia S.p.A. (TIM) is a leading Italian telecommunications operator providing fixed-line and mobile services, broadband connectivity and data solutions to consumer and business customers. The company plays a central role in Italy’s ...
TIM Discloses Treasury Share Purchases Amid Poste Italiane Tender Offer
Jul 14, 2026
Telecom Italia has reported a series of treasury share purchases carried out on 14 July 2026 across multiple trading venues, including Euronext Milan, Cboe Europe, Aquis Exchange Europe, and Turquoise Europe. The transactions, executed at average ...
TIM expands treasury share buyback, lifting holdings to 0.62% of capital
Jul 13, 2026
TIM has detailed its latest share buyback activity, reporting the repurchase of 1,552,648 treasury shares between 6 and 10 July 2026 at a volume-weighted average price of €8.0361, for a total outlay of €12.48 million. The transactions ...
TIM expands treasury share buyback, lifting holding to 0.62% of capital
Jul 13, 2026
TIM has continued to execute the first tranche of its share buyback programme, purchasing 1,552,648 treasury shares between 6 and 10 July 2026 at a volume‑weighted average price of €8.0361, for a total outlay of €12.48 million. T...
TIM Buys More Treasury Shares and Partially Unwinds Equity Swap Amid Tender Offer
Jul 10, 2026
Telecom Italia S.p.A. disclosed that it purchased additional ordinary shares on 10 July 2026 across several European trading venues, including Euronext Milan, Cboe Europe, Aquis Exchange Europe and Turquoise Europe. The transactions, conducted at ...
Telecom Italia Steps Up Treasury Share Purchases and Adjusts Equity Swap
Jul 9, 2026
Telecom Italia has disclosed a series of treasury share purchases carried out on 9 July 2026 across multiple trading venues, including Euronext Milan, Cboe Europe, Aquis Exchange Europe and Turquoise Europe. The transactions involved ordinary TIM ...
TIM buys treasury shares amid Poste Italiane’s takeover offer
Jul 8, 2026
Telecom Italia S.p.A., known as TIM, is a leading Italian telecommunications group providing fixed and mobile network services, broadband and digital connectivity solutions to consumers and businesses. Listed on Euronext Milan, it occupies a pivot...
TIM Purchases Treasury Shares Amid Poste Italiane Tender Offer
Jul 7, 2026
Telecom Italia’s TIM unit has disclosed a new round of treasury share purchases as a voluntary public tender and exchange offer for all its ordinary shares proceeds, launched by Poste Italiane earlier this year. On 7 July 2026, TIM bought a ...
TIM Reports Own-Share Purchases Amid Poste Italiane Tender Offer
Jul 6, 2026
Telecom Italia (TIM) disclosed recent transactions in its own shares in the context of the voluntary tender and exchange offer on its ordinary stock launched by Poste Italiane. TIM reported purchasing 342,363 ordinary shares on Euronext Milan on 6...
TIM Advances Share Buyback, Lifts Treasury Holdings to 0.54% of Capital
Jul 6, 2026
TIM has disclosed the latest progress of its share buyback programme, reporting the purchase of 1,483,007 treasury shares between 29 June and 3 July 2026 at a volume‑weighted average price of €8.0767, for a total consideration of about...
TIM Reports Treasury Share Purchases and Adjusts Equity Swap Exposure
Jul 3, 2026
Telecom Italia S.p.A. has disclosed the latest purchases of its own ordinary shares on Euronext Milan, acquiring 274,671 shares for a total consideration of about €2.24 million at an average price of €8.1436. The transactions are repor...
TIM Buys Treasury Shares Amid Poste Italiane Takeover Offer
Jul 2, 2026
Telecom Italia S.p.A. (TIM), a leading Italian telecommunications operator offering fixed, mobile, and data services, plays a pivotal role in the national connectivity and broadband market. Its shares, listed on Euronext Milan, are widely held and...
Telecom Italia Steps Up Treasury Share Purchases During Poste Italiane Offer
Jul 1, 2026
Telecom Italia reported that it purchased additional treasury shares on 1 July 2026 in the midst of a voluntary public tender and exchange offer launched by Poste Italiane for its ordinary shares. The company acquired stock on Euronext Milan, Cboe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.