Telecom Italia (OTCMKTS:TIIAY) Stock Price Down 6.4% – What’s Next?

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) were down 6.4% during trading on Thursday. The company traded as low as $6.27 and last traded at $6.27. Approximately 728 shares were traded during trading, a decline of 98% from the average session volume of 44,378 shares. The stock had previously closed at $6.70.

Wall Street Analysts Forecast Growth

TIIAY has been the subject of several recent analyst reports. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Telecom Italia Trading Down 2.8%

The business has a fifty day moving average of $8.47 and a 200-day moving average of $8.47.

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.