Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.9910, but opened at $7.28. Telecom Italia shares last traded at $7.28, with a volume of 116 shares changing hands.

Wall Street Analyst Weigh In

TIIAY has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Telecom Italia Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82. The company has a 50-day moving average price of $7.03 and a two-hundred day moving average price of $6.14.

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.