Telecom Italia (OTCMKTS:TIIAY) Shares Gap Down – What’s Next?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $10.46, but opened at $9.30. Telecom Italia shares last traded at $9.30, with a volume of 620 shares traded.

Analysts Set New Price Targets

Separately, Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Telecom Italia Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $7.44.

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.