Telecom Italia (OTCMKTS:TIIAY) Sets New 1-Year High – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $6.2999 and last traded at $6.12, with a volume of 18288 shares trading hands. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

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

Telecom Italia Trading Up 0.5%

The business has a 50 day moving average of $5.84 and a 200 day moving average of $5.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current 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.