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

Shares of Telecom Italia S.p.A. (OTCMKTS:TIIAY) reached a new 52-week high on Tuesday . The stock traded as high as $3.09 and last traded at $3.07, with a volume of 9068 shares trading hands. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays raised shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 10th.

Telecom Italia Trading Up 0.3 %

The firm has a 50-day simple moving average of $2.64 and a 200-day simple moving average of $2.56. 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.