Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Update

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 48,500 shares, a decline of 34.9% from the September 15th total of 74,500 shares. Based on an average daily volume of 190,900 shares, the days-to-cover ratio is presently 0.3 days.

OTCMKTS:TIIAY traded up $0.01 during mid-day trading on Friday, hitting $3.96. 58,334 shares of the company’s stock traded hands, compared to its average volume of 140,035. The firm has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.07. Telecom Italia has a 12 month low of $3.02 and a 12 month high of $6.42. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 7.19 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.15.

Several research firms have recently issued reports on TIIAY. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Telecom Italia in a research note on Wednesday, September 16th. Zacks Investment Research downgraded Telecom Italia from a “hold” rating to a “sell” rating in a research note on Wednesday, August 26th. Finally, UBS Group reiterated a “sell” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Telecom Italia has a consensus rating of “Hold” and a consensus target price of $4.25.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. 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 small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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