Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Time to Buy?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw unusually-strong trading volume on Monday . Approximately 70,397 shares were traded 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 Analysts Forecast Growth

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

Telecom Italia Stock Up 3.6%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a 50-day moving average of $7.57 and a two-hundred day moving average of $6.82.

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.