Telecom Italia stock keeps 2026 outlook after stronger 9M growth

Published on 11/12/2026 at 01:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telecom Italia stock held its 2026 targets after revenue and EBITDA growth in the first nine months. Cash generation improved and ratings returned to investment grade.

Telecom Italia strengthens its outlook

Revenue and EBITDA After Lease increased in the first nine months of 2026.
Positive equity free cash flow and renewed investment-grade ratings improved the financial profile.
Management expects stronger fourth-quarter cash generation and confirmed its 2026 targets.

Telecom Italia, IT0003497168, Illustration mit AI erstellt.

Telecom Italia reported stronger operating momentum for the first nine months of 2026 and kept its full-year targets unchanged. The update, published on November 11 by Investing.com, followed the company's results for the period ended September 30.

Telecom Italia stock traded at 5.90 euros on the Milan market at 5:35 p.m. CET on Wednesday, November 11. The quote followed the company's results update and the confirmation of its 2026 outlook.

Growth broadens across the group

Group revenue rose 2.8 percent organically to 10.4 billion euros in the first nine months. EBITDA After Lease increased 2.3 percent to 2.8 billion euros, while equity free cash flow after lease reached positive 0.8 billion euros compared with negative 0.1 billion euros a year earlier.

The domestic consumer business returned to growth in the third quarter, with revenue up 0.9 percent to 1.5 billion euros. TIM Enterprise revenue increased 6.8 percent to 2.5 billion euros, supported by a 20 percent rise in cloud revenue. TIM Brasil delivered revenue growth of 5.8 percent, while EBITDA After Lease rose 6.2 percent to 1.4 billion euros.

Ratings and cash flow set next test

Moody's assigned Telecom Italia a Baa3 rating with a positive outlook, while S&P restored a BBB- rating. Adjusted net financial debt after lease stood at 7.2 billion euros at September 30, with financial leverage at 1.89 times.

Management expects the fourth quarter to provide stronger cash generation through working-capital trends and the planned closing of the Sparkle disposal. Telecom Italia also said Poste Italiane has directed the group since September 30 after completing its public tender offer.

Telecommunications group based in Italy

Telecom Italia provides fixed-line and mobile voice, internet and data services to consumers and businesses. Its main operating areas are Italy, Brazil and other operations, with additional wholesale, cloud and information-technology services. The group is headquartered in Rome, Italy; its scale and broad network footprint distinguish it from more specialized or regionally focused telecommunications providers.