Telecom Italia S.P.A. (OTCMKTS:TIIAY) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemTelecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 31,604 shares, a decrease of 59.0% from the April 15th total of 77,004 shares. Based on an average daily volume of 62,036 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.
Telecom Italia Stock Up 1.9%
TIIAY stock opened at $8.54 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82. The business has a 50 day simple moving average of $7.49 and a 200-day simple moving average of $6.77. Telecom Italia has a twelve month low of $4.11 and a twelve month high of $8.54.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Telecom Italia currently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on TIIAY
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.