Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,056 shares, a drop of 88.0% from the June 30th total of 117,115 shares. Based on an average daily volume of 75,534 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.
Telecom Italia Price Performance
Shares of TIIAY opened at $8.32 on Friday. Telecom Italia has a 52-week low of $4.54 and a 52-week high of $11.20. The business’s 50 day moving average price is $9.07 and its two-hundred day moving average price is $7.90.
Analysts Set New Price Targets
Separately, Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.
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.
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