Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Should You Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $9.2250, but opened at $9.77. Telecom Italia shares last traded at $9.77, with a volume of 212 shares.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Stock Down 0.1%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84. The business’s 50 day simple moving average is $8.70 and its 200-day simple moving average is $7.51.

About Telecom Italia

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.