Telecom Italia (OTCMKTS:TIIAY) Shares Gap Down – Should You Sell?

Telecom Italia S.P.A. (OTCMKTS:TIIAYGet Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $8.91, but opened at $8.5150. Telecom Italia shares last traded at $8.52, with a volume of 427 shares traded.

Wall Street Analysts Forecast Growth

TIIAY has been the subject of several research analyst reports. Barclays restated an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on Telecom Italia

Telecom Italia Trading Down 0.3%

The firm’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.44.

Telecom Italia Company Profile

(Get Free Report)

Telecom Italia S.p.A., operating under the TIM brand, is an Italian telecommunications company that provides fixed-line and mobile communications, broadband internet, digital services and information and communications technology solutions. Its offerings serve consumers, businesses and public-sector organizations and include voice and data connectivity, fiber and other broadband access, cloud services, cybersecurity, data-center capabilities and related enterprise solutions.

The company’s principal market is Italy, where TIM operates telecommunications networks and provides retail and wholesale services.

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