Telecom Italia (OTCMKTS:TIAIY) Sets New 52-Week High – Here’s What Happened

Telecom Italia S.P.A. (OTCMKTS:TIAIY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.15 and last traded at $9.15, with a volume of 200 shares. The stock had previously closed at $9.0092.

Telecom Italia Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $8.54 and a 200-day moving average price of $7.57.

About Telecom Italia

Telecom Italia S.p.A. (OTCMKTS:TIAIY) is a leading Italian telecommunications operator that provides a broad range of fixed-line, mobile voice and data services. The company’s offerings span consumer broadband connections, mobile telephony plans and pay-TV packages under its TIM brand. Telecom Italia also delivers wholesale network capacity and managed connectivity solutions to other carriers and service providers.

Headquartered in Rome, Telecom Italia traces its origins to Italy’s state-owned telephone monopoly and was established in its current form in 1994 following privatization and corporate restructuring.