Telecom Italia (OTCMKTS:TIIAY) Hits New 52-Week High – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.36 and last traded at $8.31, with a volume of 15913 shares. The stock had previously closed at $8.24.

Analyst Ratings Changes

TIIAY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Telecom Italia Stock Up 1.7%

The stock has a 50-day simple moving average of $7.44 and a 200 day simple moving average of $6.73. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

Telecom Italia Company Profile

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.