Telecom Italia (OTCMKTS:TIIAY) Sees Unusually-High Trading Volume – What’s Next?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) 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 Ratings Changes

A number of research analysts recently weighed in on TIIAY shares. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. 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 two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Telecom Italia Stock Performance

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

About Telecom Italia

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.