Telecom Italia (OTCMKTS:TIAIY) Trading Up 2.3% – Here’s Why

Shares of Telecom Italia S.P.A. (OTCMKTS:TIAIY) traded up 2.3% on Wednesday . The stock traded as high as $8.2276 and last traded at $8.2276. 506 shares traded hands during trading, an increase of 170% from the average session volume of 187 shares. The stock had previously closed at $8.04.

Telecom Italia Trading Up 2.3%

The firm has a 50 day moving average of $8.35 and a two-hundred day moving average of $7.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

Telecom Italia Company Profile

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.