Telecom Italia (OTCMKTS:TIIAY) Hits New 52-Week High – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares reached a new 52-week high on Thursday . The stock traded as high as $8.96 and last traded at $8.9050, with a volume of 31757 shares trading hands. The stock had previously closed at $8.7850.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Telecom Italia presently has an average rating of “Moderate Buy”.

Telecom Italia Price Performance

The company’s 50 day moving average is $8.06 and its two-hundred day moving average is $7.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84.

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.