Tim Commerzbank downgrades to “sell”
Commerzbank has cut its recommendation on Tim, from “hold” to “sell”. The assessment is based on the general crisis that the European mobile phone companies are going through, and the costs of UMTS that will bring investments to their point of break-even point only from the second half of this decade. The assessment is still disagreement as to the majority of the ratings issued in February by leading analysts (Actinvest, Cabot, Rasfin to name a few) with ratings ranging from Buy to Outperform on a company that, despite everything, it is less indebted in Europe between wireless operators and has consolidated its leading position in Italy over the past two years. Tim is now traded at 5.36 euros (-0.61%).