Telecom Italia (OTCMKTS:TIIAY) Sets New 1-Year High – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $8.59 and last traded at $8.55, with a volume of 22874 shares changing hands. The stock had previously closed at $8.59.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. One analyst has 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 MarketBeat.com, Telecom Italia has an average rating of “Moderate Buy”.

Telecom Italia Trading Down 0.8%

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $7.92 and a 200-day moving average of $7.04.

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.