Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw unusually-strong trading volume on Monday. 129,992 shares changed hands during trading, an increase of 168% from the previous session’s volume of 48,532 shares. The stock last traded at $6.22 and had previously closed at $6.05.

Analysts Set New Price Targets

TIIAY has been the subject of a number of recent research reports. Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Zacks Research raised Telecom Italia to a “hold” rating in a report on Thursday, October 8th. Finally, Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Stock Performance

The company’s 50 day moving average is $8.11 and its 200 day moving average is $8.44.

About Telecom Italia

Telecom Italia S.p.A., commonly known as TIM, is an Italian telecommunications company that provides fixed-line and mobile communications services. Its offerings include voice and messaging, broadband and fiber connectivity, data services, and related digital communications products for households, businesses, and public-sector customers.

Through its enterprise operations, TIM provides information and communications technology services such as cloud computing, cybersecurity, data centers, managed connectivity, and other digital solutions.