Telecom Italia S.P.A. (OTCMKTS:TIIAY) Receives Consensus Recommendation of “Buy” from Brokerages

Telecom Italia S.P.A. (OTCMKTS:TIIAY) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company.

Separately, Barclays restated an “overweight” rating on shares of Telecom Italia in a research report on Monday.

Telecom Italia Stock Up 1.6%

OTCMKTS:TIIAY traded up $0.11 during trading hours on Monday, hitting $6.84. The company had a trading volume of 6,555 shares, compared to its average volume of 21,608. Telecom Italia has a 1 year low of $2.65 and a 1 year high of $6.85. The company has a 50-day moving average of $6.04 and a 200 day moving average of $5.53. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

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.