Telecom Italia (OTCMKTS:TIIAY) Shares Up 6.4% – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAYGet Free Report)’s stock price traded up 6.4% during trading on Tuesday . The stock traded as high as $10.40 and last traded at $10.00. Approximately 11,429 shares traded hands during trading, a decline of 69% from the average session volume of 36,312 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Get Our Latest Analysis on TIIAY

Telecom Italia Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $8.31 and its two-hundred day simple moving average is $7.27.

Telecom Italia Company Profile

(Get Free Report)

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.

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