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

Key Points

• Telecom Italia shares reached a new 12-month high of $5.90 during trading, with a notable volume of 1,321 shares exchanged.
• Analysts have mixed views on the stock, with some rating it as a strong buy, while others have downgraded it to a neutral rating, resulting in an overall average rating of buy.
• The company's financial metrics include a quick ratio of 0.80, a current ratio of 0.82, and a debt-to-equity ratio of 0.62, suggesting a measured approach to liabilities.

Telecom Italia S.P.A. (OTCMKTS:TIIAY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $5.90 and last traded at $5.90, with a volume of 1321 shares trading hands. The stock had previously closed at $5.57.

Wall Street Analyst Weigh In

TIIAY has been the subject of several research analyst reports. Berenberg Bank raised shares of Telecom Italia to a "strong-buy" rating in a report on Thursday, June 26th. Oddo Bhf downgraded shares of Telecom Italia to a "neutral" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Telecom Italia presently has an average rating of "Buy".

Telecom Italia Stock Up 5.1%

The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.62. The firm's 50 day simple moving average is $5.23 and its two-hundred day simple moving average is $4.56.

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.

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