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

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price reached a new 52-week high on Saturday . The company traded as high as $5.71 and last traded at $5.63, with a volume of 43060 shares traded. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Berenberg Bank raised Telecom Italia to a “strong-buy” rating in a research report on Thursday, June 26th. Oddo Bhf lowered Telecom Italia to a “neutral” rating in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Telecom Italia currently has a consensus rating of “Buy”.

Telecom Italia Stock Up 3.1%

The firm has a fifty day moving average of $5.07 and a 200 day moving average of $4.44.

Telecom Italia Company Profile

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.