Telecom Italia (OTCMKTS:TIIAY) Stock Price Up 4.4% – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) traded up 4.4% during mid-day trading on Wednesday. The stock traded as high as $6.18 and last traded at $6.18. Approximately 721 shares were traded during mid-day trading, a decline of 98% from the average session volume of 48,030 shares. The stock had previously closed at $5.92.

Analyst Upgrades and Downgrades

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

Telecom Italia Stock Performance

The company has a fifty day simple moving average of $8.36 and a 200-day simple moving average of $8.47.

Telecom Italia Company Profile

Telecom Italia S.p.A., operating primarily under the TIM brand, is an Italian telecommunications company that provides fixed-line and mobile communications services. Its offerings include voice and data connectivity, broadband and ultrabroadband internet, mobile services, and related digital communications products for consumers, businesses and public-sector organizations.

The company also provides information and communication technology services, including cloud computing, data center, cybersecurity, managed connectivity and digital solutions.