Telecom Italia (OTCMKTS:TIIAY) Shares Gap Up – Here’s What Happened

Shares of Telecom Italia S.P.A. (OTCMKTS:TIIAY) gapped up before the market opened on Tuesday . The stock had previously closed at $9.2250, but opened at $9.77. Telecom Italia shares last traded at $9.77, with a volume of 212 shares traded.

Analysts Set New Price Targets

Separately, Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Stock Performance

The company has a 50-day moving average of $8.75 and a 200 day moving average of $7.56.

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.