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

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $4.34 and last traded at $4.34, with a volume of 10534 shares. The stock had previously closed at $4.32.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TIIAY. BNP Paribas raised Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 10th. Hsbc Global Res upgraded Telecom Italia from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, New Street Research lowered shares of Telecom Italia from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

Telecom Italia Trading Up 0.2%

The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $3.65 and a 200 day simple moving average of $3.00.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.