Telecom Italia (OTCMKTS:TIIAY) Sees Unusually-High Trading Volume – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw unusually-high trading volume on Thursday . Approximately 269,437 shares changed hands during trading, an increase of 604% from the previous session’s volume of 38,253 shares.The stock last traded at $9.03 and had previously closed at $8.7620.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. Barclays reiterated 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 two have given a Hold rating to the company. Based on data from MarketBeat, Telecom Italia presently has an average rating of “Hold”.

Telecom Italia Stock Performance

The firm has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $8.32.

About Telecom Italia

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.