While awaiting the accounts, which will be approved on Thursday, Telecom Italia recovers in Piazza Affari. The stock gains more than 5,8% around 17pm, after losing more than 9% in the last four sessions.
Intermonte is betting on a zero dividend for ordinary shares, against 0,02 euro in 2013 and 2,75 cents for savings shares (0,031 last year). With regard to accounts, the consensus, gathered from over a dozen investment banks, estimates group revenues at 23,462 billion, down 20,47% compared to 29,503 billion in 2012, a reported ebitda at 9,537 billion ( -18,1% from 11.645 million of the previous year) and net debt of 27,050 billion euros (-1,224 billion compared to 28,274 billion at the end of 2012).
Banca Akros analysts increased the target price on the shares from 0,65 euro to 0,78 euro, which are currently trading at 0,8405 euro, following the increase in the valuation of the Brazilian subsidiary Tim Brasil, confirming the hold opinion.
