Telecom Italia (OTCMKTS:TIIAY) Sees Unusually-High Trading Volume – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw unusually-strong trading volume on Monday . Approximately 79,484 shares changed hands during trading, an increase of 167% from the previous session’s volume of 29,736 shares.The stock last traded at $7.63 and had previously closed at $7.46.

Analyst Upgrades and Downgrades

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

Telecom Italia Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $7.24 and a 200 day moving average of $6.40.

Telecom Italia Company Profile

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.