Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) gapped up prior to trading on Tuesday . The stock had previously closed at $6.5824, but opened at $6.8350. Telecom Italia shares last traded at $6.8350, with a volume of 2,089 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TIIAY. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Telecom Italia Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82. The company’s fifty day moving average is $7.11 and its two-hundred day moving average is $6.22.

About Telecom Italia

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.