Telecom Italia (OTCMKTS:TIIAY) Shares Gap Down – Time to Sell?

by · The Markets Daily

Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $8.20, but opened at $7.87. Telecom Italia shares last traded at $7.82, with a volume of 302 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TIIAY. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Stock Report on TIIAY

Telecom Italia Trading Down 5.2%

The business has a fifty day moving average price of $8.75 and a 200-day moving average price of $8.48.

About Telecom Italia

(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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