Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Should You Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) shares gapped up prior to trading on Tuesday. The stock had previously closed at $6.0975, but opened at $6.32. Telecom Italia shares last traded at $6.35, with a volume of 4,031 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on TIIAY. Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Zacks Research upgraded Telecom Italia to a “hold” rating in a report on Thursday, October 8th. Finally, Barclays reissued an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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Telecom Italia Stock Performance

The business’s 50-day moving average is $8.41 and its 200-day moving average is $8.47.

Telecom Italia Company Profile

(Get Free Report)

Telecom Italia S.p.A., operating primarily under the TIM brand, is an Italian telecommunications company that provides fixed-line and mobile communications services. Its offerings include voice and data connectivity, broadband and ultrabroadband internet, mobile services, and related digital communications products for consumers, businesses and public-sector organizations.

The company also provides information and communication technology services, including cloud computing, data center, cybersecurity, managed connectivity and digital solutions.

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