Telecom Italia (OTCMKTS:TIIAY) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Telecom Italia (OTCMKTS:TIIAY) from a sell rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “

OTCMKTS:TIIAY opened at $5.48 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 0.74. Telecom Italia has a one year low of $4.87 and a one year high of $7.75. The company has a market cap of $11.63 billion, a P/E ratio of -7.72 and a beta of 0.76.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. 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 small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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