Telecom Italia (OTCMKTS:TIIAY) Hits New 12-Month High – Here’s Why

Shares of Telecom Italia S.p.A. (OTCMKTS:TIIAY) hit 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 subject of a number of analyst reports. Barclays raised shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 10th. Hsbc Global Res raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th.

Telecom Italia Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82. The business has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $2.68.

Telecom Italia Company Profile

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.