Telecom Italia (OTCMKTS:TIIAY) Raised to “Strong-Buy” at Hsbc Global Res

Telecom Italia (OTCMKTS:TIIAY) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

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

Telecom Italia Stock Up 0.9 %

TIIAY stock opened at $3.10 on Monday. 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 firm has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.55. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $3.12.

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.