Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 13,700 shares, a decrease of 14.4% from the April 30th total of 16,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 1.2 days.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TIIAY. New Street Research cut Telecom Italia from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. BNP Paribas raised shares of Telecom Italia from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Finally, Hsbc Global Res upgraded shares of Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th.
View Our Latest Stock Analysis on TIIAY
Telecom Italia Price Performance
Shares of OTCMKTS TIIAY traded up $0.04 during mid-day trading on Friday, reaching $4.32. 14,528 shares of the company's stock were exchanged, compared to its average volume of 11,163. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.11. Telecom Italia has a twelve month low of $2.19 and a twelve month high of $4.43.
About Telecom Italia
(
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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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