Telecom Italia (OTCMKTS:TIIAY) Sets New 1-Year High – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares hit a new 52-week high on Wednesday . The company traded as high as $8.36 and last traded at $8.31, with a volume of 15913 shares changing hands. The stock had previously closed at $8.24.

Analyst Ratings Changes

A number of brokerages have weighed in on TIIAY. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Telecom Italia currently has a consensus rating of “Moderate Buy”.

Telecom Italia Price Performance

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 company has a 50-day moving average of $7.49 and a 200-day moving average of $6.77.

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.