Telecom Italia (OTCMKTS:TIIAY) Trading Up 2.2% – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares rose 2.2% during trading on Wednesday . The stock traded as high as $5.89 and last traded at $5.8860. Approximately 24,678 shares traded hands during trading, a decline of 16% from the average daily volume of 29,448 shares. The stock had previously closed at $5.76.

Analysts Set New Price Targets

Separately, Oddo Bhf cut Telecom Italia to a “neutral” rating in a research note on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Telecom Italia Price Performance

The firm has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $5.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.82.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.