Telecom Italia (OTCMKTS:TIIAY) Sets New 52-Week High – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.03 and last traded at $8.03, with a volume of 306 shares trading hands. The stock had previously closed at $7.76.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TIIAY. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. One investment 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. According to MarketBeat, Telecom Italia currently has an average rating of “Moderate Buy”.

Telecom Italia Price Performance

The business has a fifty day moving average price of $7.40 and a 200-day moving average price of $6.68. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

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.