Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Should You Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw strong trading volume on Monday . 70,397 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 30,133 shares.The stock last traded at $8.51 and had previously closed at $8.41.

Analyst Ratings Changes

TIIAY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Telecom Italia Trading Up 0.8%

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 stock’s 50-day moving average price is $7.51 and its two-hundred day moving average price is $6.79.

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.