Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) saw an uptick in trading volume on Wednesday. 122,537 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 43,349 shares. The stock last traded at $6.55 and had previously closed at $7.01.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Stock Analysis on TIIAY

Telecom Italia Price Performance

The company’s 50-day moving average is $8.60 and its 200-day moving average is $8.49.

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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