BIT:TITTelecom
Telecom Italia (BIT:TIT) Stock Faces Profit Revival And Rich P E Scrutiny
Telecom Italia stock closed at €7.353, roughly flat over the past week after a weaker 30 days, yet the latest quarter gives investors a very different story to work with. The headline is profitability. Q2 net income from ongoing operations swung back into the black at €104m and trailing twelve month earnings from continuing operations reached €509m.
That shift matters more than today’s share price flicker. It plugs directly into a still rich P/E of 55.1x and a balance sheet where interest...