Telecom Italia (OTCMKTS:TIIAY) Sets New 52-Week 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 Friday . The stock traded as high as $3.18 and last traded at $3.17, with a volume of 27103 shares traded. The stock had previously closed at $2.96.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TIIAY shares. Barclays upgraded Telecom Italia from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 10th. Hsbc Global Res upgraded Telecom Italia from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th.

Telecom Italia Price Performance

The firm’s 50-day moving average is $2.76 and its two-hundred day moving average is $2.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85.

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.