Zacks Research Upgrades Telecom Italia (OTCMKTS:TIIAY) to Hold

Telecom Italia (OTCMKTS:TIIAY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other brokerages also recently issued reports on TIIAY. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Stock Down 2.8%

Telecom Italia stock opened at $6.10 on Thursday. The company has a fifty day simple moving average of $8.47 and a 200-day simple moving average of $8.47. Telecom Italia has a 12-month low of $5.43 and a 12-month high of $11.20.

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.