Telecom Italia (OTCMKTS:TIIAY) Sees Strong Trading Volume – Time to Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY) shares saw an uptick in trading volume on Wednesday. Approximately 122,537 shares were traded during trading, an increase of 183% from the previous session’s volume of 43,349 shares. The stock last traded at $6.55 and had previously closed at $7.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Barclays reissued an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Telecom Italia Price Performance

The stock has a 50-day moving average of $8.52 and a 200 day moving average of $8.49.

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.