Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) dropped 6.8% on Wednesday . The company traded as low as $9.70 and last traded at $9.75. Approximately 11,640 shares were traded during mid-day trading, a decline of 69% from the average session volume of 37,395 shares. The stock had previously closed at $10.46.
Analyst Upgrades and Downgrades
Separately, Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a report on Wednesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.
View Our Latest Analysis on TIIAY
Telecom Italia Stock Down 4.6%
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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