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

Telecom Italia S.p.A. (OTCMKTS:TIIAY) hit a new 52-week high during trading on Monday . The company traded as high as $3.52 and last traded at $3.51, with a volume of 1194 shares changing hands. The stock had previously closed at $3.39.

Analysts Set New Price Targets

Several research analysts recently weighed in on TIIAY shares. Hsbc Global Res upgraded Telecom Italia from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. BNP Paribas raised shares of Telecom Italia from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 10th.

Telecom Italia Trading Up 0.9 %

The stock has a 50 day moving average price of $3.05 and a 200-day moving average price of $2.73. 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.