Investing.com – After a complicated week, experienced on the roller coaster between the quarterly report and the updates on the sale of the network to KKR, Tim is experiencing a session at the head of the . The title at 2pm Telecom Italia (BIT:) rises by 4.55% compared to the 0.242 euros per share recorded at the closing on Friday.
The words said by CEO Pietro Labriola to Bloomberg give confidence to the markets. According to the Italian manager, the transfer of the network to Kkr will allow the company to relieve debt and “be an active part of a market consolidation process which will happen in the coming years.” Meanwhile, Swisscom has already thought about starting the ball rolling in Italy, announcing that it had bought it at the beginning of the year Vodafone (LON:) Italy to 8 billion euros to merge it with its subsidiary Fastweb.
After June, Tim could also join the party. With the debt which should fall to 7.5 billion from the current 21.4 billion thanks to the sale of Netco, if the right opportunity arose the telco would be ready to seize it. An M&A operationIndeed, it would give the company the tools to compete in a market, the Italian one, which is particularly complex between competition from foreign operators, Iliad above all, and more stringent limits than elsewhere for electromagnetic frequencies.
In short, if over the years Tim “has carried with it a complex debt management”, today “necessity pushes us to change”, summarized Labriola.
Tim can still grow by 30% according to analysts
And based on analysts’ forecasts, the new path that the company will take could be also profitable for shareholders.
The average of the ratings expressed on the stock by 14 market experts interviewed by InvestingPro is fixed Tim’s target price is 0.33 euros per sharewith potential increase of over 30% compared to the current value.
From these analysts Tim receives 8 Buy ratings, 5 Hold and 1 Sell.
But the indicator relating to the analysts’ target price is only one of the useful tools for evaluating whether a stock it actually represents an opportunity or it’s better to stay away from them.
Other fundamental indicators are the Fair Valuecalculated on the basis of recognized financial models and adapted to individual securities e the Health Score which, summarizing all the company’s historical financial statement data, expresses an assessment of the solidity of its financial state.
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