Telecom Italia (OTCMKTS:TIIAY) Sets New 1-Year High – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.2999 and last traded at $6.12, with a volume of 18288 shares. The stock had previously closed at $6.09.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf cut shares of Telecom Italia to a “neutral” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Telecom Italia has a consensus rating of “Buy”.

Telecom Italia Stock Up 0.5%

The firm has a fifty day moving average of $5.84 and a 200-day moving average of $5.27. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

Telecom Italia Company Profile

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.