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

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $3.40 and last traded at $3.39, with a volume of 70629 shares trading hands. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TIIAY shares. Barclays upgraded shares of Telecom Italia from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, December 10th. Hsbc Global Res upgraded Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th.

Telecom Italia Stock Down 8.1 %

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85. The firm has a 50 day moving average of $2.96 and a 200 day moving average of $2.69.

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.