Telecom Italia (OTCMKTS:TIAIY) Sees Large Volume Increase – What’s Next?

Telecom Italia S.P.A. (OTCMKTS:TIAIY) saw unusually-high trading volume on Friday . Approximately 5,874 shares traded hands during trading, an increase of 285% from the previous session’s volume of 1,525 shares.The stock last traded at $8.95 and had previously closed at $8.8650.

Telecom Italia Trading Up 1.0%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84. The stock’s fifty day simple moving average is $8.53 and its 200-day simple moving average is $7.49.

About Telecom Italia

Telecom Italia S.p.A. (OTCMKTS:TIAIY) is a leading Italian telecommunications operator that provides a broad range of fixed-line, mobile voice and data services. The company’s offerings span consumer broadband connections, mobile telephony plans and pay-TV packages under its TIM brand. Telecom Italia also delivers wholesale network capacity and managed connectivity solutions to other carriers and service providers.

Headquartered in Rome, Telecom Italia traces its origins to Italy’s state-owned telephone monopoly and was established in its current form in 1994 following privatization and corporate restructuring.