Skip to Content
Morningstar
  • Get 7 Days Free

Telecom Italia SpA ADR - Stock Quote TIIAY

Morningstar Rating
Rating as of

Morningstar's Telecom Italia SpA ADR Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Capital Allocation

INVESTOR

Reducing Telecom Italia's FVE to EUR 0.25 on Weaker Outlook and Fading KKR Offer

Javier Correonero Equity Analyst

Business Strategy and Outlook

| Javier Correonero |

Telecom Italia, or TIM, has over 30% market share in the mobile market and 45% share in broadband in Italy. Since the entrance of Iliad in the mobile market in 2018, TIM and Vodafone have seen their top lines decline substantially, pressured by customer losses and lower pricing. Iliad has gained more than 8.5 million customers in three years by offering more-for-less plans, forcing other operators to adjust their pricing. This pressure comes on top of an already competitive Italian mobile market, with low average revenue per user due to its prepaid nature.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - TIIAY

More

Telecom Italia SpA ADR's Company Profile

Business Description

Telecom Italia is the incumbent telephone operator in Italy with more than 30% market share in the Italian mobile market and 45% market share in broadband. In the mobile market it competes with Vodafone, Wind Tre and Iliad. On the broadband side, its main competitor is Open Fiber, which operates a wholesale network giving equal access to several operators. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with its competitors Telefonica and America Movil.

Contact
Corso D'Italia, 41
Rome, 00198, Italy
T +39 636881
Sector Communication Services
Industry Telecom Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type —
Employees 45,974

Telecom Italia SpA ADR's Related News

Market Update

Markets Review/Preview: CPI Ahead; Earnings Wind Down

Oil tops $116, Occidental and Kroger hit new highs. Travel and European bank stocks continue to slip.
Jakir Hossain
Our Picks

10 Cheap, High-Quality Foreign Stocks

These constituents of the Morningstar Global ex-US Moat Focus Index are trading at steep discounts to our fair value estimates.
Susan Dziubinski
Our Picks

10 Undervalued Stocks With 'Exponential' Growth Potential

We think investors are underestimating these companies, which are well-positioned to benefit from Morningstar analysts' nine 'exponential technology' themes.
Karen Wallace
Our Picks

10 Cheap Foreign Stocks With Moats

For investors looking abroad, these high-quality stocks are selling at compelling valuations.
Karen Wallace
Our Picks

15 Cheap Stocks That Could Launch the 'Next Big Thing'

Take a look at Morningstar analysts' nine 'exponential technology' themes and some undervalued stocks poised to benefit from them.
Karen Wallace
Stock Strategist

Tech, Telecom, and Media: Long-Term Opportunities Amid Software's Storm

The tech sector looks modestly undervalued overall, but we'd be selective across investment ideas.
Brian Colello
Stock Strategist Industry Reports

Telecom Provides Opportunity to Benefit From Brazil's Recovery

We think Telefonica Brasil is positioned best for success.
Allan C. Nichols
Quarter-End Insights

Tech & Telecom: Cord-Cutting and Programmatic Advertising Trends Continue

The sector looks fairly valued overall, but there are still opportunities for selective investors.
Peter Wahlstrom
Quarter-End Insights

Tech and Communication Services: Gravitate Toward the Moats

With these sectors trading above our fair value estimate, investors should seek firms with established economic moats to help them withstand near-term revenue and operating margin volatility. Plus, get our take on Apple Pay's impact and the ongoing wireless spectrum auction.
Peter Wahlstrom
Quarter-End Insights

Tech & Telecom: Big Data Takes Many Forms, so Choose Wisely

As enterprises allocate spending toward data analytics, we see increasing complexity leading to opportunities for legacy technology providers and services firms.
Peter Wahlstrom
US Videos

Dodge & Cox Income Playing Defense Against Rates

Management's foresight to have less rate sensitivity in the portfolio allowed the Gold-rated fixed-income fund to generate a positive return in 2013.
Sarah Bush
Credit Insights

Exuberant Equities Fail to Excite Corporate Bond Market

After suffering from the sharp increase in interest rates and widening credit spreads this summer, investors are hesitant to pay tighter credit spreads for longer-dated corporate bonds.
David Sekera
Quarter-End Insights

Our Outlook for Tech and Communication Services Stocks

Investment opportunities exist in unloved areas.
Grady Burkett
Credit Insights

Monetary Largesse Lifts Credit Market

While the market as a whole appears to be driven by monetary policy as opposed to individual fundamental analysis, we advise investors to be cautious in selecting which bond offerings they participate in.
David Sekera
US Videos

Emery: Interest Rate Risk Still a Concern

The Dodge & Cox Income manager discusses the fund's ongoing rate-risk mitigation, recent reduction in agency mortgages, and non-U.S. dollar-dominated picks.
Miriam Sjoblom
Investing Specialists

Overseas Markets Might Add Spark to U.S. Economy

Strength in China and a weaker dollar could help reboot the U.S. manufacturing sector.
Robert Johnson, CFA
Quarter-End Insights

Our Outlook For Media & Telecom Stocks

The weak are starting to fall by the wayside in media and telecom.
Michael Hodel
Quarter-End Insights

Our Outlook for the Telecom Sector

A pullback provides opportunities in the defensive telecom sector.
Allan C. Nichols
Stock Analyst Update

Four Stocks with High-Return Potential

Why the market's got it wrong on these 5-star names.
Jeffrey Ptak
Stock Strategist

Our Outlook for the Telecom Sector

Takeover speculation is fueling a surge in telecom sector valuations.
Patrick Elgrably