Hsbc Global Res Upgrades Telecom Italia (OTCMKTS:TIIAY) to Strong-Buy

Hsbc Global Res upgraded shares of Telecom Italia (OTCMKTS:TIIAY) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

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

Telecom Italia Price Performance

Shares of OTCMKTS TIIAY opened at $3.11 on Monday. Telecom Italia has a 1-year low of $2.19 and a 1-year high of $3.17. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $2.63 and a two-hundred day moving average of $2.55.

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.