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

by · The Cerbat Gem

Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 62,661 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 20,341 shares.The stock last traded at $5.90 and had previously closed at $5.98.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf lowered Telecom Italia to a “neutral” rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Telecom Italia currently has an average rating of “Buy”.

Read Our Latest Stock Analysis on TIIAY

Telecom Italia Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.80. The company has a 50 day simple moving average of $5.80 and a 200-day simple moving average of $5.21.

About Telecom Italia

(Get Free Report)

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.

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