Telecom Italia (OTCMKTS:TIAIY) Hits New 12-Month High - Here's What Happened

Key Points

• Telecom Italia's ADR hit a new 52-week high of $9.10 on Friday (previous close $8.90), up about 2.7% on volume of 1,402 shares.
• Technicals show upward momentum with the 50-day SMA at $8.47 above the 200-day SMA at $7.38, supporting the recent price strength.
• Telecom Italia (TIM) is a leading Italian telecom offering consumer and wholesale services, and its latest reported ratios show liquidity below 1 (quick ratio 0.82, current ratio 0.84) with moderate leverage (debt-to-equity 0.61).

Telecom Italia S.P.A. (OTCMKTS:TIAIY - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $9.10 and last traded at $9.10, with a volume of 1402 shares. The stock had previously closed at $8.90.

Telecom Italia Stock Up 2.7%

The stock's fifty day simple moving average is $8.47 and its 200-day simple moving average is $7.38. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

Telecom Italia Company Profile

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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