Telecom Italia (OTCMKTS:TIIAY) Hits New 52-Week High – What’s Next?

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

Analyst Upgrades and Downgrades

TIIAY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Telecom Italia currently has an average rating of “Moderate Buy”.

Telecom Italia Stock Up 0.8%

The firm’s 50-day moving average price is $7.55 and its 200 day moving average price is $6.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84.

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.