Telecom Italia (OTCMKTS:TIAOF) Trading Up 12.2% – Here’s Why

Telecom Italia S.p.A. (OTCMKTS:TIAOFGet Free Report) shot up 12.2% during mid-day trading on Monday . The company traded as high as $0.39 and last traded at $0.39. 3,301 shares traded hands during trading, a decline of 33% from the average session volume of 4,950 shares. The stock had previously closed at $0.35.

Telecom Italia Trading Up 12.2 %

The company has a 50-day moving average price of $0.33 and a 200-day moving average price of $0.28.

About Telecom Italia

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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.

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