Telecom Italia (OTCMKTS:TIIAY) Hits New 52-Week High – Time to Buy?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) reached a new 52-week high on Tuesday . The stock traded as high as $7.82 and last traded at $7.82, with a volume of 4678 shares. The stock had previously closed at $7.6550.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Telecom Italia Stock Down 5.7%

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $6.74 and its 200 day moving average price is $5.95.

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.