Telecom Italia SPA (IT:TITR)
:TITR
Want to see IT:TITR full AI Analyst Report?
Top Page
Telecom Italia SPA
(TITR)
Select Model
Select Model
Rating:64Neutral
Price Target:
€0.87
▲(52.11% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by only mid-level financial quality: despite improved operating profitability and reduced leverage, net margins remain thin and free cash flow has recently weakened. Technicals add support via a clear uptrend with positive momentum, while valuation is favorable due to a very low P/E.
Positive Factors
Operating profitability
Operating margins have materially improved to mid-teens EBIT and high-20s EBITDA on a TTM basis, reflecting structurally healthier core network economics. Durable margin recovery supports long-term cash generation and reinvestment capacity even amid competitive pricing pressure.
Negative Factors
Thin net margins
Despite operating margin improvement, net margins remain very thin, leaving earnings vulnerable to one-offs, financing costs, and cyclical pressures. Low bottom-line profitability limits retained earnings and the ability to sustainably fund growth or larger shareholder returns without further operational progress.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability
Operating margins have materially improved to mid-teens EBIT and high-20s EBITDA on a TTM basis, reflecting structurally healthier core network economics. Durable margin recovery supports long-term cash generation and reinvestment capacity even amid competitive pricing pressure.
Read all positive factors
Telecom Italia SPA (TITR) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€15.75B
Dividend YieldN/A
Average Volume (3M)31.12M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-0.07%
EPS GrowthN/A
CountryIT
Employees26,282
SectorServices
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding6,027,792,000
10 Day Avg. Volume36,933,260
30 Day Avg. Volume31,117,103
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.44
Price to Sales (P/S)0.39
P/FCF Ratio6.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€0.88Price Target Upside54.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Telecom Italia SPA Business Overview & Revenue Model
Company Description
Telecom Italia SPA (TITR) is a leading telecommunications company in Italy, providing a wide range of services that include fixed-line and mobile telecommunications, broadband internet, and digital services. The company operates mainly through its...
How the Company Makes Money
Telecom Italia makes money primarily by charging for telecommunications and digital services delivered over its fixed and mobile networks. Key revenue streams include: (1) Consumer connectivity and voice: recurring subscription fees and usage-base...
Telecom Italia SPA Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.78B | 13.73B | 14.44B | 14.31B | 15.79B | 15.32B |
| Gross Profit | 5.81B | 13.73B | 6.73B | 7.23B | 9.13B | 9.25B |
| EBITDA | 3.47B | 1.56B | 4.80B | 4.81B | 5.51B | 1.16B |
| Net Income | 140.00M | 519.00M | -610.00M | -1.44B | -2.92B | -8.65B |
Balance Sheet | ||||||
| Total Assets | 37.47B | 36.73B | 37.66B | 62.16B | 62.03B | 69.19B |
| Cash, Cash Equivalents and Short-Term Investments | 3.60B | 3.52B | 4.57B | 4.97B | 5.00B | 9.15B |
| Total Debt | 14.64B | 13.77B | 15.54B | 31.91B | 31.19B | 32.10B |
| Total Liabilities | 24.00B | 23.25B | 24.30B | 44.65B | 43.30B | 47.15B |
| Stockholders Equity | 12.12B | 12.22B | 11.96B | 13.65B | 15.06B | 17.41B |
Cash Flow | ||||||
| Free Cash Flow | 228.00M | 862.00M | 402.00M | -25.00M | -1.41B | 323.00M |
| Operating Cash Flow | 2.43B | 2.54B | 3.25B | 3.94B | 4.89B | 4.34B |
| Investing Cash Flow | -1.32B | -1.50B | 5.36B | -4.15B | -5.33B | -5.12B |
| Financing Cash Flow | -1.26B | -1.90B | -7.25B | -456.00M | -2.87B | 3.16B |
Telecom Italia SPA Technical Analysis
Positive
0.57
Price Trends
0.73
Positive
0.67
Positive
0.59
Positive
Market Momentum
0.02
Negative
69.41
Neutral
94.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TITR, the sentiment is Positive. The current price of 0.57 is below the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.73, and below the 200-day MA of 0.59, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 69.41 is Neutral, neither overbought nor oversold. The STOCH value of 94.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:TITR.
Telecom Italia SPA Peers Comparison
UnderperformOutperform
Sector (55)
IT:TITR
Telecom Italia SPA
0.82
0.40
95.71%
IT:TSL
Tiscali SPA
0.07
-0.08
-51.97%
IT:PLN
Planetel S.p.A.
3.82
-0.20
-5.05%
IT:CVG
Convergenze SpA Societa Benefit
1.66
-0.22
-11.66%
IT:ITD
Intred SpA
9.40
-0.74
-7.26%
IT:UD
Unidata S.P.A.
2.82
-0.15
-4.90%
Telecom Italia SPA Corporate Events
Telecom Italia Publishes Minutes of April 2026 Shareholders’ Meeting
May 7, 2026
Telecom Italia’s TIM unit has disclosed that the minutes from its 15 April 2026 ordinary and extraordinary shareholders’ meeting are now publicly accessible. Investors and other stakeholders can consult the records at the company’...
Telecom Italia holds guidance as Q1 2026 revenues rise and leverage eases
May 6, 2026
Telecom Italia (TIM), a leading telecom operator in Italy with significant operations in Brazil, reported first‑quarter 2026 organic revenues of €3.3 billion, up 1.4% year on year, with service revenues rising 2.3% and group leverage k...
Telecom Italia Publishes Updated TIM S.p.A. Bylaws After Registry Filing
May 4, 2026
Telecom Italia has announced that its updated company bylaws for TIM S.p.A. have been formally filed with the Companies Register of Milan – Monza Brianza – Lodi as of 4 May 2026. The company has made the new bylaws publicly accessible ...
Telecom Italia Finalizes €5.7 Billion Share Capital Reduction Without Share Changes
Apr 30, 2026
Telecom Italia has completed a voluntary reduction of its share capital after the legally required 90-day creditor opposition period expired without objections, making the resolution adopted in January 2026 fully effective. The company’s sha...
TIM Completes Voluntary €5.7 Billion Share Capital Reduction
Apr 30, 2026
Telecom Italia (TIM) has confirmed that a previously approved voluntary reduction of its share capital has become effective following the expiry of the 90‑day creditor opposition period with no objections. The company’s share capital h...
Telecom Italia Completes Take-Up of Withdrawing Savings Shares, Awaits Creditor Green Light
Apr 17, 2026
Telecom Italia has completed the rights offering and pre-emption process relating to 2,014,231 savings shares for which dissenting savings shareholders exercised withdrawal rights following approval of the conversion of savings shares into ordinar...
Telecom Italia Publishes Voting Summaries from April 2026 Shareholders’ Meeting
Apr 16, 2026
Telecom Italia has announced that the summary reports of the votes cast at its ordinary and extraordinary shareholders’ meeting held on 15 April 2026 are now available on the company’s website. The publication of these voting summaries...
TIM Shareholders Approve €400 Million Buyback and 1-for-10 Reverse Stock Split
Apr 15, 2026
TIM shareholders approved the 2025 financial statements, which closed with a net loss of about €155 million, and agreed to cover the loss using the legal reserve, while also backing the remuneration report and a new 2026–2028 long-term...
TIM Extends Long-Stop Date on Sparkle Sale While Confirming Q2 2026 Closing Target
Apr 14, 2026
TIM has agreed with Boost BidCo, a vehicle controlled by Italy’s Ministry of Economy and Finance and partly owned by Retelit, to extend the long-stop date for closing the sale of its wholesale subsidiary Sparkle to 15 October 2026. Despite t...
TIM Appoints Advisors to Review Poste Italiane’s Takeover Offer
Apr 13, 2026
Telecom Italia’s board of directors has appointed financial and legal advisors to evaluate the voluntary public tender and exchange offer launched by Poste Italiane. Evercore and Goldman Sachs will support the board with financial analysis o...
Telecom Italia Discloses Share Sale by Senior Manager Agostino Nuzzolo
Apr 13, 2026
Telecom Italia has disclosed a share transaction by key manager Agostino Nuzzolo, who holds a managerial responsibility role within the group. According to the regulatory filing, Nuzzolo sold 8,000 ordinary Telecom Italia shares on the Milan stock...
TIM Discloses Insider Share Sale During Poste Italiane Takeover Offer
Apr 9, 2026
Telecom Italia has disclosed a share transaction by a related party in the context of the voluntary full public exchange and purchase offer for its ordinary shares launched by Poste Italiane. The company reported that Agostino Nuzzolo, a director ...
Telecom Italia Discloses Share Sale by Senior Manager Agostino Nuzzolo
Apr 1, 2026
Telecom Italia has disclosed a managerial share transaction involving key manager Agostino Nuzzolo, in line with EU market abuse regulation requirements. Nuzzolo disposed of 26,700 ordinary shares in the company on the Milan exchange at a price of...
Telecom Italia Discloses Insider Share Sale Amid Poste Italiane Tender Offer
Mar 31, 2026
Telecom Italia has disclosed an insider share transaction in the context of a voluntary public tender and exchange offer for all its ordinary shares launched by Poste Italiane. The disclosure underscores regulatory transparency requirements during...
TIM Moves to End INWIT Infrastructure Pact as Part of Cost Overhaul
Mar 29, 2026
TIM’s board has decided to terminate its Master Service Agreement with tower operator INWIT effective August 2030, invoking a change‑of‑control clause previously exercised in 2022, and clarifying that the move could also apply to...
Telecom Italia Publishes 2026 Remuneration Policy and 2025 Pay Report
Mar 25, 2026
Telecom Italia has published its 2026 remuneration policy report and details of compensation paid in 2025 to directors, statutory auditors, and managers with strategic responsibilities, following approval by the board of directors on 11 March 2026...
TIM Board Begins Assessment of Poste Italiane’s Takeover Offer
Mar 23, 2026
TIM’s Board of Directors, chaired by Alberta Figari, has acknowledged the voluntary and total public tender and exchange offer launched by Poste Italiane for the company. The board has formally initiated an assessment process of the offer, s...
Telecom Italia Files 2025 Annual Financial Report Ahead of April Shareholders’ Meeting
Mar 23, 2026
Telecom Italia has made its Annual Financial Report for the year ended 31 December 2025 available to the public ahead of its shareholders’ meeting scheduled for 15 April 2026. The documentation, which includes separate and consolidated finan...
TIM, Fastweb and Vodafone in tower venture to speed 5G rollout in Italy
Mar 19, 2026
TIM and the Fastweb + Vodafone partnership have entered a non-binding strategic agreement to jointly build and manage up to 6,000 new mobile towers in Italy, aiming to accelerate the roll-out of 5G nationwide. The passive infrastructure project is...
TIM Publishes Documentation Ahead of April 2026 Shareholders’ Meeting
Mar 16, 2026
Telecom Italia’s board has made available the reports and proposals related to the items on the agenda for its ordinary and extraordinary shareholders’ meeting scheduled for 15 April 2026. The corporate governance and ownership structu...
TIM Returns to Profit in 2025 and Plans Reverse Stock Split, Share Buyback
Mar 11, 2026
TIM reported a strong turnaround for 2025, with group revenues up 2.7% to €13.7 billion, EBITDA After Lease rising 6.5% to €3.7 billion and Net Debt After Lease falling to €6.9 billion, marking a return to consolidated profit of ...
TIM Opens Option and Pre‑emption Offer on Savings Shares Under Withdrawal
Mar 2, 2026
TIM has launched an option and pre-emption offer to ordinary and savings shareholders for 2,014,231 savings shares whose holders exercised withdrawal rights following the approval of the mandatory and optional conversion of savings shares into ord...
Telecom Italia Delivers 2025 Growth, Cuts Debt and Plans Buyback
Feb 24, 2026
Telecom Italia reported that 2025 was its first full year under a streamlined industrial and financial structure, delivering 2.7% revenue growth to €13.7 billion and a 6.5% rise in EBITDA after lease to €3.7 billion, with net debt afte...
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.