Telecom Italia (OTCMKTS:TIIAY) Lowered to Hold Rating by New Street Research

Telecom Italia (OTCMKTS:TIIAY - Get Free Report) was downgraded by equities research analysts at New Street Research from a "strong-buy" rating to a "hold" rating in a report released on Wednesday, May 7th,Zacks.com reports.

TIIAY has been the topic of several other research reports. 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 report on Monday, February 10th.

Telecom Italia Stock Performance

Shares of OTCMKTS:TIIAY traded up $0.02 during midday trading on Wednesday, hitting $4.04. 9,909 shares of the stock were exchanged, compared to its average volume of 11,396. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85. The business's 50-day moving average price is $3.47 and its 200 day moving average price is $2.90. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $4.10.

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.