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

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) gapped up before the market opened on Tuesday. The stock had previously closed at $6.05, but opened at $6.30. Telecom Italia shares last traded at $6.30, with a volume of 5,128 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on TIIAY. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Telecom Italia to a “hold” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Telecom Italia Trading Up 3.0%

The firm has a fifty day simple moving average of $8.06 and a 200-day simple moving average of $8.43.

About Telecom Italia

Telecom Italia S.p.A., commonly known as TIM, is an Italian telecommunications company that provides fixed-line and mobile communications services. Its offerings include voice and messaging, broadband and fiber connectivity, data services, and related digital communications products for households, businesses, and public-sector customers.

Through its enterprise operations, TIM provides information and communications technology services such as cloud computing, cybersecurity, data centers, managed connectivity, and other digital solutions.