Shares of Telecom Italia S.P.A. (OTCMKTS:TIAIY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,590 shares traded hands during trading, an increase of 79% from the previous session’s volume of 1,448 shares.The stock last traded at $8.5960 and had previously closed at $8.34.
Telecom Italia Price Performance
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 firm’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $7.25.
About Telecom Italia
Telecom Italia S.p.A. (OTCMKTS:TIAIY) is a leading Italian telecommunications operator that provides a broad range of fixed-line, mobile voice and data services. The company’s offerings span consumer broadband connections, mobile telephony plans and pay-TV packages under its TIM brand. Telecom Italia also delivers wholesale network capacity and managed connectivity solutions to other carriers and service providers.
Headquartered in Rome, Telecom Italia traces its origins to Italy’s state-owned telephone monopoly and was established in its current form in 1994 following privatization and corporate restructuring.
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