Infrastrutture Wireless Italiane (OTCMKTS:IFSUF) Trading Down 4.5% – Should You Sell?

Infrastrutture Wireless Italiane S.p.A. (OTCMKTS:IFSUF) was down 4.5% during trading on Monday . The stock traded as low as $8.8262 and last traded at $8.8262. Approximately 475 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 425 shares. The stock had previously closed at $9.2375.

Wall Street Analyst Weigh In

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

Infrastrutture Wireless Italiane Trading Down 4.5%

The company’s fifty day simple moving average is $9.02 and its two-hundred day simple moving average is $10.81.

About Infrastrutture Wireless Italiane

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.