Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Here’s What Happened

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.9910, but opened at $7.28. Telecom Italia shares last traded at $7.28, with a volume of 116 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on TIIAY. Deutsche Bank Aktiengesellschaft cut Telecom Italia from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Telecom Italia Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.14.

About Telecom Italia

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.