Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Still a Buy?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) gapped up before the market opened on Tuesday. The stock had previously closed at $6.0975, but opened at $6.32. Telecom Italia shares last traded at $6.35, with a volume of 4,031 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TIIAY shares. Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. Finally, Zacks Research raised Telecom Italia to a “hold” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Telecom Italia presently has an average rating of “Hold”.

Telecom Italia Stock Performance

The stock’s 50 day simple moving average is $8.31 and its two-hundred day simple moving average is $8.46.

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.