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

Telecom Italia S.P.A. (OTCMKTS:TIIAY) 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”.

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

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.