Telecom Italia (OTCMKTS:TIIAY) Upgraded by Hsbc Global Res to “Strong-Buy” Rating

Hsbc Global Res upgraded shares of Telecom Italia (OTCMKTS:TIIAY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, Barclays raised shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 10th.

Telecom Italia Stock Performance

Shares of OTCMKTS:TIIAY opened at $3.10 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $3.12. The company’s 50-day moving average price is $2.61 and its two-hundred day moving average price is $2.55.

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.