Zacks Research Upgrades Telecom Italia (OTCMKTS:TIIAY) to “Hold”

Telecom Italia (OTCMKTS:TIIAY) was upgraded by Zacks Research to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other equities analysts have also commented on TIIAY. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Telecom Italia Trading Down 2.8%

TIIAY stock opened at $6.10 on Thursday. Telecom Italia has a 1 year low of $5.43 and a 1 year high of $11.20. The stock has a 50-day simple moving average of $8.47 and a 200-day simple 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.