Telecom Italia (OTCMKTS:TIAIY) Trading Up 2.3% - Here's Why

Key Points

• Telecom Italia shares rose 2.3% during mid-day trading to $8.2276, with 506 shares traded — a 170% increase over the average session volume of 187 shares.
• The stock is near its 50-day moving average ($8.35) and above its 200-day moving average ($7.17), while key liquidity and leverage metrics are a quick ratio of 0.82, current ratio of 0.84 and debt-to-equity of 0.61.
• Company profile: Telecom Italia (TIM) is a leading Italian telecommunications operator offering fixed-line and mobile voice/data, consumer broadband and pay-TV, plus wholesale network and managed connectivity services.

Telecom Italia S.P.A. (OTCMKTS:TIAIY - Get Free Report)'s share price shot up 2.3% during mid-day trading on Wednesday . The company traded as high as $8.2276 and last traded at $8.2276. 506 shares were traded during trading, an increase of 170% from the average session volume of 187 shares. The stock had previously closed at $8.04.

Telecom Italia Stock Performance

The firm's fifty day simple moving average is $8.35 and its 200 day simple moving average is $7.17. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

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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