Italgas (ITGGF) Projected to Release Earnings on Monday

Italgas (OTCMKTS:ITGGF) is projected to issue its resultson Monday, July 27th. Analysts expect the company to announce earnings of $0.2233 per share and revenue of $780.1970 million for the quarter.

Italgas Stock Performance

Shares of OTCMKTS ITGGF opened at $11.39 on Monday. The stock has a 50 day simple moving average of $11.77 and a 200-day simple moving average of $11.83. Italgas has a 12-month low of $8.04 and a 12-month high of $13.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Italgas in a research report on Tuesday, June 30th. Citigroup raised shares of Italgas from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Italgas Company Profile

Italgas S.p.A. is one of Europe’s leading operators in the regulated natural gas distribution sector. Through its network of concessions, the company designs, constructs and manages pipelines, metering stations and related infrastructure to deliver safe, efficient gas supply to residential, commercial and industrial end users. Its core business activities include network maintenance, emergency response services, and meter installation and management, all under long-term regulated tariffs set by national authorities.

Established in Turin in 1837, Italgas is among the oldest gas distribution companies in Europe.