Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Should You Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw an uptick in trading volume on Monday . 70,397 shares traded hands during trading, an increase of 134% from the previous session’s volume of 30,133 shares.The stock last traded at $8.51 and had previously closed at $8.41.

Wall Street Analyst Weigh In

Several analysts have commented on TIIAY shares. Deutsche Bank Aktiengesellschaft downgraded Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Telecom Italia has an average rating of “Moderate Buy”.

Telecom Italia Trading Up 0.8%

The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $7.51 and a 200-day moving average price of $6.79.

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.