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

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) gapped up before the market opened on Tuesday . The stock had previously closed at $9.2250, but opened at $9.77. Telecom Italia shares last traded at $9.77, with a volume of 212 shares traded.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets reissued 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 three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Telecom Italia Stock Performance

The stock’s 50-day moving average price is $8.70 and its 200-day moving average price is $7.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

About Telecom Italia

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed?line and mobile voice services, high?speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber?optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.