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

Telecom Italia S.P.A. (OTCMKTS:TIIAY) reached a new 52-week high during trading on Thursday . The stock traded as high as $8.96 and last traded at $8.9050, with a volume of 31757 shares traded. The stock had previously closed at $8.7850.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded 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. According to data from MarketBeat, Telecom Italia presently has an average rating of “Moderate Buy”.

Telecom Italia Stock Performance

The firm has a 50 day moving average price of $8.15 and a 200 day moving average price of $7.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

Telecom Italia Company Profile

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.