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

Shares of Telecom Italia S.p.A. (OTCMKTS:TIIAY) hit 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 traded. The stock had previously closed at $3.05.

Analyst Ratings Changes

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

Telecom Italia Price Performance

The stock’s fifty day simple moving average is $2.64 and its 200-day simple moving average is $2.56. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

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.