Telecom Italia (OTCMKTS:TIIAY) Shares Gap Down – What’s Next?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $8.91, but opened at $8.5150. Telecom Italia shares last traded at $8.52, with a volume of 427 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TIIAY shares. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Telecom Italia Stock Down 0.3%

The company has a fifty day moving average price of $8.79 and a two-hundred day moving average price of $8.44.

About Telecom Italia

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.