Telecom Italia (OTCMKTS:TIIAY) Reaches New 52-Week High – What’s Next?

Telecom Italia S.p.A. (OTCMKTS:TIIAY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.40 and last traded at $3.39, with a volume of 70629 shares changing hands. The stock had previously closed at $3.34.

Analysts Set New Price Targets

TIIAY has been the topic of a number of research analyst reports. Hsbc Global Res upgraded Telecom Italia from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Barclays upgraded Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

Telecom Italia Trading Up 1.3 %

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 stock’s 50-day moving average price is $2.92 and its 200-day moving average price is $2.68.

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.