Telecom Italia (OTCMKTS:TIIAY) Upgraded to Strong-Buy at Hsbc Global Res

Telecom Italia (OTCMKTS:TIIAY) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors 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 Price Performance

Telecom Italia stock opened at $3.10 on Monday. Telecom Italia has a fifty-two week low of $2.19 and a fifty-two week high of $3.12. The stock’s 50 day simple moving average is $2.61 and its two-hundred day simple moving average is $2.55. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

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.