Telecom Italia (OTCMKTS:TIIAY) Shares Climb 4.4% – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price shot up 4.4% during mid-day trading on Wednesday. The stock traded as high as $6.18 and last traded at $6.18. 721 shares traded hands during trading, a decline of 98% from the average session volume of 48,030 shares. The stock had previously closed at $5.92.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TIIAY shares. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. Finally, Zacks Research raised shares of Telecom Italia to a “hold” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Telecom Italia Stock Down 2.2%

The company’s fifty day simple moving average is $8.36 and its 200-day simple moving average is $8.47.

About Telecom Italia

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.