Telecom Italia (OTCMKTS:TIIAY) Trading 6.5% Higher – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares shot up 6.5% during mid-day trading on Friday . The stock traded as high as $9.25 and last traded at $9.23. Approximately 19,626 shares were traded during trading, a decline of 48% from the average session volume of 38,058 shares. The stock had previously closed at $8.6650.

Analyst Upgrades and Downgrades

TIIAY has been the topic of a number of analyst reports. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. Barclays restated an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. One 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, the stock presently has an average rating of “Hold”.

Telecom Italia Trading Up 2.4%

The business’s 50 day moving average is $8.85 and its two-hundred day moving average is $8.37.

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.