The stock market day started badly for the Telecom Italia share, which about an hour after the start of trading left more than two and a half points on the field, clearly trailing the Ftse Mib. The downgrade of UBS weighs on the group's shares, which cut the recommendation from "neutral" to "sell".
Furthermore, yesterday Telecom shares and those of the entire telecommunications sector had gained a lot of ground in the wake of rumors of an interest by Verizon for the British giant Vodafone. In the night though the American operator has denied the possibility of a takeover bid, triggering profit taking on the entire sector.
