Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Time to Buy?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw unusually-strong trading volume on Thursday . Approximately 55,695 shares changed hands during mid-day trading, an increase of 181% from the previous session’s volume of 19,819 shares.The stock last traded at $5.60 and had previously closed at $5.77.

Wall Street Analyst Weigh In

Separately, Oddo Bhf downgraded shares of Telecom Italia to a “neutral” rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

Telecom Italia Stock Up 2.3%

The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $4.87.

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.