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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Telecom Italia S.p.A.    0H6I   IT0003497168

TELECOM ITALIA S.P.A.

(0H6I)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/22 06:55:54 am
0.346 EUR   -0.17%
09/21Vodafone, Sky, WindTre urge Italy to create independent single network operator
RE
09/17Macquarie puts in offer for Enel's Open Fiber stake
RE
09/17Macquarie puts in offer for Enel's Open Fiber stake
RE
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Telecom Italia Shares Are Up After Board Appoints New CEO

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11/19/2018 | 06:34am EDT

By Patrick Costello

Telecom Italia shares rose slightly Monday after the company named Luigi Gubitosi as its new chief executive officer Sunday to replace recently-ousted CEO Amos Genish.

Mr. Gubitosi joined Telecom Italia as an independent board member in May 2018. He was appointed an extraordinary commissioner of Alitalia SpA in May 2017 and previously served as CEO of Italy's Wind Telecomunicazioni SpA and general manager of Italian state broadcaster RAI Radiotelevisione Italiana.

Mr. Genish was dismissed from his position as CEO on Nov. 13 as part of the ongoing struggle between Telecom Italia shareholders Elliot Management Corp. and Vivendi.

The activist investor Elliot has pushed for a management and strategy overhaul at Telecom Italia since acquiring a stake in the company earlier this year, putting it at odds with Telecom Italia's largest shareholder Vivendi. Mr. Gubitosi is backed by Elliot, which wrested control of Telecom Italia's board away from Vivendi in May through the appointment of numerous board members.

Shares of the Italian telecoms firm were up 3.6% to 0.55 euros ($0.63) at 1102 GMT. Telecom Italia shares are down 24% year-to-date.

Bryan Garnier said Mr. Gubitosi's profile appeared to be well-suited for the position, adding his industry experience, connections to Italian authorities and banking background might reassure investors.

Still, "turmoil and uncertainty" should be expected going forward, as the new CEO will need full board support for capital restructuring and turnaround operations, the bank said.

Jefferies likewise warned that value creation is "not guaranteed" despite Mr. Gubitosi's appointment. While the new CEO presumably endorses Elliot's strategic plan to reduce Telecom Italia's stake in its fixed network, success depends on other factors like deal terms and regulatory conditions, the investment bank said.

Write to Patrick Costello at Patrick.Costello@dowjones.com.

Stocks mentioned in the article
ChangeLast1st jan.
LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
MEMBERS CO., LTD. 0.56% 1797 End-of-day quote.-21.08%
TELECOM ITALIA S.P.A. 0.70% 0.3452 Delayed Quote.-38.39%
TELECOM ITALIA S.P.A. 0.07% 0.34685 Delayed Quote.-37.96%
VIVENDI SE 1.94% 23.66 Real-time Quote.-10.11%
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All news about TELECOM ITALIA S.P.A.
09/21Vodafone, Sky, WindTre urge Italy to create independent single network operat..
RE
09/17Macquarie puts in offer for Enel's Open Fiber stake
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09/17Macquarie puts in offer for Enel's Open Fiber stake
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09/17TELECOM ITALIA S P A : EU Likely to Oppose Italy's Plan for Single National Broa..
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09/16Macquarie to table bid for Enel stake in Italy's Open Fiber by Thursday - sou..
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09/16Italy sets conditions on Macquarie's Open Fiber bid -sources
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09/16Italian watchdog needs more time to review decision on Vivendi's stake in Med..
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09/11TELECOM ITALIA S P A : Tim, coldiretti and bonifiche ferraresi sign agreement...
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09/09TIMELINE : Twists and turns in Mediaset vs Vivendi TV drama
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09/09TELECOM ITALIA S P A : Vodafone CEO warns Italy single broadband network could b..
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More news
Financials
Sales 2020 16 136 M 18 953 M 18 953 M
Net income 2020 908 M 1 067 M 1 067 M
Net Debt 2020 23 106 M 27 140 M 27 140 M
P/E ratio 2020 7,59x
Yield 2020 2,66%
Capitalization 7 242 M 8 498 M 8 506 M
EV / Sales 2020 1,88x
EV / Sales 2021 1,82x
Nbr of Employees 55 076
Free-Float 72,1%
Chart TELECOM ITALIA S.P.A.
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Telecom Italia S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends TELECOM ITALIA S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 0,51 €
Last Close Price 0,34 €
Spread / Highest target 130%
Spread / Average Target 48,9%
Spread / Lowest Target -32,9%
EPS Revisions
Managers
NameTitle
Luigi Gubitosi Chief Executive Officer & Executive Director
Salvatore Rossi Chairman
Stefano Siragusa Chief Operations Officer
Giovanni Ronca Chief Financial Officer
Michele Gamberini Chief Technology & Information Officer
Sector and Competitors