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

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Trading Down 5.2%

The firm’s 50-day moving average is $8.75 and its 200 day moving average is $8.48.

Telecom Italia Company Profile

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.