BNP Paribas Upgrades Telecom Italia (OTCMKTS:TIIAY) to “Strong-Buy”

BNP Paribas upgraded shares of Telecom Italia (OTCMKTS:TIIAY) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Separately, Hsbc Global Res raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th.

Telecom Italia Stock Up 3.4 %

OTCMKTS TIIAY opened at $3.39 on Thursday. The stock has a 50-day moving average of $3.02 and a 200 day moving average of $2.71. Telecom Italia has a one year low of $2.19 and a one year high of $3.49. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.