Telecom Italia S.P.A. (OTCMKTS:TIIAY) Receives Average Rating of "Buy" from Analysts

Key Points

• Telecom Italia S.P.A. has received an average consensus rating of "Buy" from six analysts, with varying levels of recommendations including two holds, one buy, and three strong buys.
• Recent analyst activity includes New Street Research downgrading the stock from "strong-buy" to "hold" and Berenberg Bank upgrading it to "strong-buy."
• As of the latest stock performance, Telecom Italia's 12-month low is $2.19 and the high is $5.44, with the current stock price opening at $4.80.

Telecom Italia S.P.A. (OTCMKTS:TIIAY - Get Free Report) has been assigned an average rating of "Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have issued a strong buy recommendation on the company.

A number of research analysts have recently commented on TIIAY shares. Oddo Bhf lowered Telecom Italia to a "neutral" rating in a report on Friday. Berenberg Bank upgraded Telecom Italia to a "strong-buy" rating in a report on Thursday, June 26th. Finally, New Street Research lowered Telecom Italia from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Telecom Italia Trading Up 1.7%

Telecom Italia stock traded up $0.08 during trading hours on Friday, reaching $4.84. 1,563 shares of the company were exchanged, compared to its average volume of 11,036. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $4.88 and a 200 day moving average of $4.06. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $5.44.

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.