Telecom Italia (OTCMKTS:TIIAY) Sets New 1-Year High – Here’s What Happened

Telecom Italia S.p.A. (OTCMKTS:TIIAY) hit a new 52-week high on Thursday . The company traded as high as $3.36 and last traded at $3.36, with a volume of 4179 shares trading hands. The stock had previously closed at $3.17.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TIIAY. Hsbc Global Res upgraded shares of Telecom Italia from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

Telecom Italia Stock Performance

The stock has a fifty day moving average of $2.89 and a 200-day moving average of $2.67. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

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.