Telecom Italia (OTCMKTS:TIIAY) Rating Increased to Hold at Zacks Investment Research

Telecom Italia (OTCMKTS:TIIAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “

Shares of TIIAY stock opened at $3.95 on Tuesday. The stock has a 50-day simple moving average of $4.30 and a 200 day simple moving average of $4.85. Telecom Italia has a fifty-two week low of $3.30 and a fifty-two week high of $5.63. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.72.

About Telecom Italia

Telecom Italia SpA engages in the provision of telecommunication and Internet services, digital contents, and cloud services. It operates through the following business segments: Domestic, Brazil, and Other Operations. The Domestic segment includes operations in Italy for voice and data services on fixed and mobile networks for retail and wholesale customers, the international wholesale through Telecom Italia Sparkle, and products and services for information technology through the Olivetti group.

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