Telecom Italia S.p.A. (OTCMKTS:TIIAY) Sees Significant Drop in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIIAYGet Rating) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 52,800 shares, a decline of 22.9% from the June 30th total of 68,500 shares. Based on an average daily trading volume, of 410,200 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TIIAY shares. Berenberg Bank cut their price objective on Telecom Italia from €0.37 ($0.38) to €0.20 ($0.20) and set a “hold” rating for the company in a research note on Friday. Barclays boosted their target price on Telecom Italia from €0.13 ($0.13) to €0.16 ($0.16) in a report on Tuesday, April 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Telecom Italia has an average rating of “Hold” and an average target price of $0.18.

Telecom Italia Stock Up 3.1 %

Shares of Telecom Italia stock opened at $2.20 on Monday. The stock’s 50 day simple moving average is $2.62 and its 200-day simple moving average is $3.30. Telecom Italia has a 1-year low of $2.04 and a 1-year high of $5.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.73 and a current ratio of 0.75.

Telecom Italia Company Profile

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Telecom Italia S.p.A., together with its subsidiaries, provides 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 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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