Telecom Italia (OTCMKTS:TIIAY) Reaches New 52-Week High - Should You Buy?

Key Points

• Telecom Italia's stock reached a new 52-week high at $4.91, closing at $4.89 with a trading volume of 21,549 shares.
• Analysts have varying views on the stock: one firm downgraded it to a "hold," while three others maintained a "strong-buy" rating, leading to a consensus rating of "Buy".
• The company operates through three segments and offers a range of telecommunication services, including fixed and mobile voice, Internet, and ICT solutions for various customers.

Telecom Italia S.P.A. (OTCMKTS:TIIAY - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $4.91 and last traded at $4.89, with a volume of 21549 shares changing hands. The stock had previously closed at $4.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Berenberg Bank raised Telecom Italia to a "strong-buy" rating in a research report on Thursday, June 26th. New Street Research lowered Telecom Italia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Telecom Italia presently has an average rating of "Buy".

Telecom Italia Stock Up 2.4%

The stock's 50 day moving average is $4.63 and its 200-day moving average is $3.80. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.65.

Telecom Italia Company Profile

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.