Previous Close | 0.2116 |
Open | 0.2140 |
Bid | 0.2162 x 0 |
Ask | 0.2197 x 0 |
Day's Range | 0.2126 - 0.2194 |
52 Week Range | 0.1915 - 0.4870 |
Volume | |
Avg. Volume | 24,261,345 |
Market Cap | 4.831B |
Beta (5Y Monthly) | 1.08 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.4080 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jun 21, 2021 |
1y Target Est | 0.28 |
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Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company's Brazilian subsidiary in the second quarter. TIM said its core earnings after lease fell by 14.3% to 1.3 billion euros in the April-June period, marginally ahead of an analyst consensus provided by the company of 1.29 billion euros. TIM said it now sees its core profit after lease costs falling by a 'low-teens' percentage this year from its previous guidance of a 'mid-to-high teens' decrease.
Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of its second-quarter results, helped by cost cutting and the contribution from the company's Brazilian subsidiary. TIM has been struggling to stay competitive in its home market, where it makes the bulk of its revenue, and reported a record 8.4 billion euros ($8.5 billion) net loss last year following a string of downgrades of its targets. Confirming what sources previously told Reuters, the company said on Wednesday it expects organic or self-generated core earnings or EBITDA after lease costs to fall this year at a "low-teens" percentage rate.
Telecom Italia (TIM) has agreed to restructure its partnership with DAZN, giving up the exclusive right to distribute the video streaming app in Italy in return for a lower fee, two sources close to the matter said on Wednesday. Italy's biggest phone group last year entered into a distribution partnership with DAZN, which had secured domestic broadcasting rights for Italy's top flight Serie A soccer in a 2.5 billion euro three-year deal. Terms of the new contract between TIM and DAZN are set to be discussed at a Telecom Italia board meeting on Wednesday together with second-quarter results, the sources said, cautioning any deal need to receive the backing of the board.