Infrastrutture Wireless Italiane (OTCMKTS:IFSUF) Trading Up 8.6% – Time to Buy?

Infrastrutture Wireless Italiane S.p.A. (OTCMKTS:IFSUF)’s share price was up 8.6% on Friday . The company traded as high as $9.4650 and last traded at $9.4650. Approximately 193 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,091 shares. The stock had previously closed at $8.7162.

Analysts Set New Price Targets

Separately, New Street Research upgraded Infrastrutture Wireless Italiane to a “buy” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Infrastrutture Wireless Italiane currently has a consensus rating of “Buy”.

Infrastrutture Wireless Italiane Stock Performance

The company’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $11.17.

Infrastrutture Wireless Italiane Company Profile

Infrastrutture Wireless Italiane S.p.A. (OTCMKTS: IFSUF) is an independent telecommunications infrastructure company based in Italy. The firm owns, operates and develops passive wireless network sites, including towers, rooftops and indoor coverage solutions, for major mobile network operators. By providing colocation and site management services, Infrastrutture Wireless Italiane supports the roll-out and enhancement of cellular networks across 2G, 3G, 4G and 5G technologies.

The company’s portfolio comprises more than 23,000 sites throughout Italy, from urban centers to rural areas, enabling national coverage and network densification.