Telecom Italia (TIIAY) Expected to Announce Earnings on Monday

Telecom Italia (OTCMKTS:TIIAY) is anticipated to release its results before the market opens on Monday, March 23rd. Analysts expect Telecom Italia to post earnings of $0.60 per share and revenue of $4.3934 billion for the quarter.

Telecom Italia Price Performance

Telecom Italia stock opened at $6.84 on Monday. The company’s 50 day simple moving average is $6.99 and its 200-day simple moving average is $6.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82. Telecom Italia has a 1 year low of $2.92 and a 1 year high of $7.82.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.