Telecom Italia (OTCMKTS:TIIAY) Reaches New 1-Year High – Here’s What Happened

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $8.58 and last traded at $8.4812, with a volume of 113241 shares changing hands. The stock had previously closed at $8.41.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Telecom Italia presently has an average rating of “Moderate Buy”.

Telecom Italia Price Performance

The business has a fifty day moving average of $7.60 and a 200 day moving average of $6.84. The company has a current ratio of 0.84, a quick ratio of 0.82 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.