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

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.59 and last traded at $8.55, with a volume of 22874 shares trading hands. The stock had previously closed at $8.59.

Analyst Ratings Changes

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 stock. Based on data from MarketBeat.com, Telecom Italia currently has a consensus rating of “Moderate Buy”.

Telecom Italia Stock Down 1.2%

The stock has a 50 day simple moving average of $7.95 and a 200-day simple moving average of $7.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84.

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.