Telecom Italia S.P.A. (OTCMKTS:TIIAY) Receives Consensus Recommendation of “Buy” from Analysts

Telecom Italia S.P.A. (OTCMKTS:TIIAY) has received an average rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

Separately, Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research note on Monday.

Telecom Italia Stock Down 0.7%

Shares of OTCMKTS TIIAY opened at $6.72 on Monday. The company has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $5.60. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. Telecom Italia has a 12 month low of $2.66 and a 12 month high of $7.05.

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.