Poste Italiane (PITAF) Projected to Announce Earnings on Friday

Poste Italiane (OTCMKTS:PITAF) is projected to announce its resultson Friday, July 24th. Analysts expect Poste Italiane to post earnings of $0.5090 per share and revenue of $3.8149 billion for the quarter.

Poste Italiane Stock Performance

OTCMKTS PITAF opened at $22.47 on Wednesday. The stock’s 50 day simple moving average is $23.06 and its 200-day simple moving average is $24.60. Poste Italiane has a 1-year low of $20.55 and a 1-year high of $27.61.

Wall Street Analyst Weigh In

PITAF has been the topic of a number of research reports. Barclays upgraded Poste Italiane from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Poste Italiane in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Poste Italiane

Poste Italiane S.p.A., established in 1862, serves as Italy’s primary postal and logistics operator and acts as a key provider of financial and insurance services. Majority owned by the Italian government and publicly listed since 2015, the company leverages a long-standing network of branches and delivery centers to facilitate mail, parcel and express courier services across Italy and through international partnerships.

The company’s operations are organized into several segments. Postal and logistics services encompass mail delivery, parcel shipping, warehouse and supply chain management.