Telecom Italia (OTCMKTS:TIIAY) Reaches New 1-Year High – Here’s Why

Telecom Italia S.p.A. (OTCMKTS:TIIAY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $3.36 and last traded at $3.36, with a volume of 4179 shares traded. The stock had previously closed at $3.17.

Analysts Set New Price Targets

Several analysts recently weighed in on TIIAY shares. Hsbc Global Res raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

Telecom Italia Trading Up 6.0 %

The business’s 50-day simple moving average is $2.86 and its two-hundred day simple moving average is $2.66. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.