Telecom Italia (OTCMKTS:TIIAY) Shares Climb 4.4% – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares rose 4.4% on Wednesday. The stock traded as high as $6.18 and last traded at $6.18. Approximately 721 shares traded hands during trading, a decline of 98% from the average session volume of 48,030 shares. The stock had previously closed at $5.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Telecom Italia to a “hold” rating in a research report on Thursday, October 8th. Barclays restated an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. Finally, Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Telecom Italia Stock Performance

The firm has a 50 day moving average price of $8.26 and a 200-day moving average price of $8.46.

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.