JPMorgan Chase & Co. Reiterates “Neutral” Rating for Telecom Italia (OTCMKTS:TIIAY)

Telecom Italia (OTCMKTS:TIIAY)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, The Fly reports.

TIIAY has been the topic of a number of other reports. Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 25th. Zacks Investment Research downgraded Telecom Italia from a “buy” rating to a “hold” rating in a research report on Saturday, April 24th. Finally, Berenberg Bank restated a “hold” rating on shares of Telecom Italia in a report on Tuesday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Telecom Italia has an average rating of “Hold” and an average target price of $6.00.

OTCMKTS:TIIAY traded down $0.01 during trading hours on Friday, reaching $5.56. The company had a trading volume of 31,582 shares, compared to its average volume of 49,414. The company’s 50 day simple moving average is $5.37. Telecom Italia has a 52 week low of $3.30 and a 52 week high of $5.63.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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