Telecom Italia (OTCMKTS:TIIAY) Upgraded by Hsbc Global Res to “Strong-Buy” Rating

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

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

Telecom Italia Stock Up 0.9 %

Shares of OTCMKTS:TIIAY opened at $3.10 on Monday. 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 stock’s 50-day moving average is $2.61 and its 200-day moving average is $2.55. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $3.12.

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.