Telecom Italia (OTCMKTS:TIIAY) Reaches New 1-Year High – Should You Buy?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.20 and last traded at $11.00, with a volume of 196252 shares. The stock had previously closed at $10.92.

Analysts Set New Price Targets

Separately, Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Telecom Italia presently has an average rating of “Moderate Buy”.

Telecom Italia Price Performance

The business’s fifty day moving average is $8.62 and its two-hundred day moving average is $7.44. 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 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.