Telecom Italia (OTCMKTS:TIIAY) Stock Price Down 6.8% – Here’s Why

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) traded down 6.8% during mid-day trading on Wednesday . The company traded as low as $9.70 and last traded at $9.75. 11,640 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 37,395 shares. The stock had previously closed at $10.46.

Analyst Ratings Changes

Separately, Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Telecom Italia Trading Down 9.0%

The company has a 50 day moving average of $8.58 and a 200 day moving average of $7.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

Telecom Italia Company Profile

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.