Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 18,355 shares, a drop of 38.1% from the September 15th total of 29,666 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 94,909 shares, the days-to-cover ratio is presently 0.2 days.
Telecom Italia Price Performance
Telecom Italia stock opened at $6.32 on Friday. Telecom Italia has a one year low of $5.43 and a one year high of $11.20. The stock’s 50 day moving average price is $8.26 and its 200 day moving average price is $8.46.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TIIAY. Zacks Research raised shares of Telecom Italia to a “hold” rating in a research note on Thursday, October 8th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Finally, Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Telecom Italia
Telecom Italia Company Profile
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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