Telecom Italia (OTCMKTS:TIIAY) Stock Price Up 0.4% – What’s Next?

Telecom Italia S.p.A. (OTCMKTS:TIIAY)’s share price shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $2.64 and last traded at $2.63. 6,816 shares traded hands during trading, a decline of 46% from the average session volume of 12,512 shares. The stock had previously closed at $2.62.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

Telecom Italia Price Performance

The stock’s 50 day simple moving average is $2.48 and its two-hundred day simple moving average is $2.52.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.