Telecom Italia (OTCMKTS:TIIAY) Shares Gap Down – Time to Sell?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $7.01, but opened at $6.72. Telecom Italia shares last traded at $6.71, with a volume of 9,644 shares traded.

Wall Street Analyst Weigh In

TIIAY has been the topic of several research analyst reports. Barclays restated an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Telecom Italia Stock Performance

The company has a 50 day simple moving average of $8.63 and a two-hundred day simple moving average of $8.50.

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.