Telecom Italia (OTCMKTS:TIAOF) Trading Up 1.3% – Here’s What Happened

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

Telecom Italia Trading Up 1.3%

The company’s fifty day simple moving average is $0.57 and its two-hundred 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.