Despite positive news from analysts, the stock of Tim fell on Piazza Affari. The Court of Appeal of Rome ordered the restitution of the concession fee for 1998 to the telephone company after a 15-year legal process. Experts commend Tim’s management for their cautious communication approach regarding this potential upside, but uncertainties remain around the Italian State’s efforts to find mitigating factors and issues around the industrial plan and corporate governance.
Kepler Cheuvreux experts believe that if the potential reimbursement of 1 billion euros by the State following legal proceedings occurs, it could be a positive income for Tim. This gain could help de-leverage the company, gain bargaining power in asset sales, or even finance dividends earlier than expected. However, analysts caution that uncertainties may overshadow potential upside factors, keeping some investors out of market radar.
Tim’s stock dropped by 2.33% after the session, highlighting continued volatility. Analysts advise caution as challenges ahead for Tim in navigating legal and financial issues persist. Overall, despite positive news from analysts, there are still obstacles for Tim in overcoming these challenges and achieving long-term success.
