Telecom Italia (OTCMKTS:TIAOF) Stock Price Up 1.3% – Time to Buy?

Shares of Telecom Italia S.p.A. (OTCMKTS:TIAOF) shot up 1.3% on Monday . The stock traded as high as $0.5745 and last traded at $0.5745. 675 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 17,093 shares. The stock had previously closed at $0.5674.

Telecom Italia Stock Performance

The stock’s 50-day simple moving average is $0.57 and its 200 day simple moving average is $0.51.

About Telecom Italia

Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.

In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.