Telecom Italia SpA (ADR) (NYSE:TI) is adapting its strategy to the new reality of a communications sector where telecoms operators are having to compete with technological companies and is open to deals with OTT players such as Amazon and Facebook, according to the Italian incumbent’s CEO Marco Patuano. The competition of OTT companies is “a clear threat to those who have to invest billions of euros” in network development, said Patuano on the sidelines of a conference in Brussels organised by ETNO, the association of leading telecoms operators in Europe. Telecom Italia SpA (ADR)(NYSE:TI) shares after opening at $12.81 moved to $12.94 on last trade day and at the end of the day closed at $12.93. Company price to sales ratio in past twelve months was calculated as 0.60 and price to cash ratio as 2.30. Telecom Italia SpA (ADR)(NYSE:TI) showed a positive weekly performance of 8.11%.
Origin Energy Limited (Origin), together with Sasol Limited (Sasol), announced Friday the signing of a conditional agreement with Falcon Oil & Gas Australia Limited (Falcon) for three onshore exploration permits in the Northern Territory’s Beetaloo Basin in Australia. Sasol Limited (ADR)(NYSE:SSL) shares advanced 1.82% in last trading session and ended the day on $56.62. SSL return on equity ratio is recorded as 47.10% and its return on assets is 28.40%. Sasol Limited (ADR)(NYSE:SSL) yearly performance is 36.86%.
Espirito Santo Investment Bank Research restated their sell rating on shares of Lloyds Banking Group PLC (ADR) (NYSE:LYG) in a research note issued to investors on Thursday, Stock Ratings News reports. Lloyds Banking Group PLC (ADR)(NYSE:LYG) shares moved up 1.47% in last trading session and was closed at $5.53, while trading in range of $ 5.41 – 5.55. Lloyds Banking Group PLC (ADR)(NYSE:LYG) year to date (YTD) performance is 3.95%.
Motorola Solutions (NYSE:MSI) issued its quarterly earnings data on Thursday. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50, Analyst Ratings Network reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $0.66 earnings per share. Motorola Solutions’s revenue was down 8.7% compared to the same quarter last year. Motorola Solutions Inc (NYSE:MSI) weekly performance is 4.82%. On last trading day company shares ended up $65.51. Motorola Solutions Inc (NYSE:MSI) distance from 50-day simple moving average (SMA50) is 1.31%. Analysts mean target price for the company is $64.07.