Telecom Italia (OTCMKTS:TIIAY) Trading Up 5.4% – What’s Next?

Shares of Telecom Italia S.p.A. (OTCMKTS:TIIAY) were up 5.4% during trading on Friday . The stock traded as high as $2.96 and last traded at $2.92. Approximately 9,258 shares traded hands during trading, a decline of 20% from the average daily volume of 11,644 shares. The stock had previously closed at $2.77.

Wall Street Analysts Forecast Growth

TIIAY has been the topic of several research reports. Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th. Hsbc Global Res upgraded shares of Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th.

Telecom Italia Trading Up 5.4 %

The firm has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $2.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82.

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.