Telecom Italia (OTCMKTS:TIIAY) Reaches New 12-Month High – Should You Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.49 and last traded at $10.3220, with a volume of 21386 shares traded. The stock had previously closed at $9.40.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Telecom Italia Stock Up 9.8%

The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $7.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

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.