Telecom Italia (OTCMKTS:TIIAY) Sets New 12-Month High – What’s Next?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $7.24 and last traded at $7.24, with a volume of 4197 shares trading hands. The stock had previously closed at $7.0850.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Telecom Italia Price Performance

The stock has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $5.73. 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 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.