Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Here’s Why

Telecom Italia S.P.A. (OTCMKTS:TIIAYGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.5824, but opened at $6.8350. Telecom Italia shares last traded at $6.8350, with a volume of 2,089 shares.

Key Stories Impacting Telecom Italia

Here are the key news stories impacting Telecom Italia this week:

Analysts Set New Price Targets

TIIAY has been the topic of several analyst reports. Barclays restated an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Telecom Italia presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Telecom Italia

Telecom Italia Price Performance

The business has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $6.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.84 and a quick ratio of 0.82.

About Telecom Italia

(Get Free Report)

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.

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