Telecom Italia (OTCMKTS:TIIAY) Stock Price Down 6.4% – What’s Next?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) traded down 6.4% during trading on Thursday. The company traded as low as $6.27 and last traded at $6.27. Approximately 728 shares traded hands during trading, a decline of 98% from the average daily volume of 44,378 shares. The stock had previously closed at $6.70.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TIIAY shares. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Barclays reissued 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 stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Telecom Italia Price Performance

The stock’s fifty day simple moving average is $8.56 and its two-hundred day simple moving average is $8.49.

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.