Telecom Italia S.P.A. (OTCMKTS:TIIAY) Given Average Rating of "Buy" by Brokerages

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 a consensus recommendation of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of analysts have recently commented on TIIAY shares. Berenberg Bank upgraded Telecom Italia to a "strong-buy" rating in a report on Thursday, June 26th. Oddo Bhf downgraded Telecom Italia to a "neutral" rating in a report on Friday, August 29th. Finally, New Street Research cut shares of Telecom Italia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

Telecom Italia Price Performance

TIIAY traded down $0.02 during trading on Friday, hitting $4.82. The company's stock had a trading volume of 308 shares, compared to its average volume of 10,971. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average price is $4.88 and its 200-day moving average price is $4.07. Telecom Italia has a twelve month low of $2.19 and a twelve month high of $5.44.

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.