Telecom Italia (OTCMKTS:TIIAY) Reaches New 1-Year High – Here’s What Happened

Telecom Italia S.p.A. (OTCMKTS:TIIAY)’s share price hit a new 52-week high on Friday . The stock traded as high as $3.18 and last traded at $3.17, with a volume of 27103 shares trading hands. The stock had previously closed at $2.96.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays raised 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 research note on Monday, February 10th.

Telecom Italia Stock Up 7.1 %

The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $2.76 and its two-hundred day simple moving average is $2.62.

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.