Telecom Italia S.P.A. (OTCMKTS:TIIAY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 24,634 shares, a decline of 62.6% from the August 15th total of 65,902 shares. Based on an average daily volume of 39,072 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.
Telecom Italia Trading Up 2.7%
Shares of OTCMKTS TIIAY traded up $0.23 during midday trading on Friday, reaching $8.90. The company had a trading volume of 21,307 shares, compared to its average volume of 38,388. Telecom Italia has a 1 year low of $4.98 and a 1 year high of $11.20. The business’s 50-day simple moving average is $8.84 and its 200 day simple moving average is $8.37.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TIIAY shares. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
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.
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