Telecom Italia (OTCMKTS:TIIAY) Reaches New 12-Month High – Still a Buy?

Telecom Italia S.p.A. (OTCMKTS:TIIAY) shares reached a new 52-week high on Tuesday . The stock traded as high as $3.09 and last traded at $3.07, with a volume of 9068 shares changing hands. The stock had previously closed at $3.05.

Analyst Ratings Changes

Separately, Barclays raised shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 10th.

Telecom Italia Trading Up 0.8 %

The business’s 50 day moving average is $2.60 and its two-hundred day moving average is $2.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82.

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.