Telecom Italia (OTCMKTS:TIIAY) Reaches New 1-Year High – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $6.99 and last traded at $6.98, with a volume of 10565 shares traded. The stock had previously closed at $6.8480.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Telecom Italia Stock Up 1.9%

The company’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $5.55. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

About Telecom Italia

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.