Telecom Italia (OTCMKTS:TIIAY) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Telecom Italia (OTCMKTS:TIIAY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

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

Telecom Italia Trading Up 0.3 %

Shares of TIIAY opened at $3.11 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82. 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 12-month low of $2.19 and a 12-month high of $3.17.

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.