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

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $6.0975, but opened at $6.32. Telecom Italia shares last traded at $6.35, with a volume of 4,031 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. Finally, Zacks Research raised Telecom Italia to a “hold” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Telecom Italia Stock Up 6.9%

The firm’s 50 day moving average price is $8.41 and its 200-day moving average price is $8.47.

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.