Telecom Italia (OTCMKTS:TIAOD) Trading Up 0.6% – Still a Buy?

Shares of Telecom Italia S.p.A. (OTCMKTS:TIAODGet Free Report) rose 0.6% during trading on Tuesday . The stock traded as high as $8.70 and last traded at $8.70. Approximately 660 shares were traded during trading, a decline of 99% from the average daily volume of 46,546 shares. The stock had previously closed at $8.65.

Telecom Italia Stock Performance

The stock’s 50 day simple moving average is $8.63 and its two-hundred day simple moving average is $7.76.

About Telecom Italia

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Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.

In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.

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