Telecom Italia (OTCMKTS:TIIAY) Stock Rating Upgraded by Berenberg Bank

Telecom Italia (OTCMKTS:TIIAY) was upgraded by analysts at Berenberg Bank to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also commented on TIIAY. New Street Research lowered Telecom Italia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 7th. BNP Paribas raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Telecom Italia currently has an average rating of “Buy”.

Telecom Italia Price Performance

Shares of OTCMKTS:TIIAY opened at $4.83 on Thursday. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $4.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 0.80. The business has a 50-day moving average price of $4.22 and a 200-day moving average price of $3.34.

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.