Telecom Italia (OTCMKTS:TIIAY) Trading Up 6.4% – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price rose 6.4% during mid-day trading on Tuesday . The stock traded as high as $10.40 and last traded at $10.00. Approximately 11,429 shares changed hands during trading, a decline of 69% from the average daily volume of 36,312 shares. The stock had previously closed at $9.40.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Telecom Italia Stock Performance

The company’s 50-day moving average is $8.19 and its 200-day moving average is $7.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

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.