Italgas (ITGGF) Set to Post Earnings on Thursday

Italgas (OTCMKTS:ITGGF) is expected to be posting its results before the market opens on Thursday, October 29th. Analysts expect Italgas to post earnings of $0.2233 per share and revenue of $761.06 million for the quarter.

Italgas Stock Up 0.3%

Shares of OTCMKTS ITGGF opened at $9.77 on Thursday. Italgas has a 52 week low of $9.16 and a 52 week high of $13.38. The firm’s fifty day moving average is $9.81 and its 200 day moving average is $11.01.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Italgas in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Italgas in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Italgas has a consensus rating of “Moderate Buy”.

Italgas Company Profile

Italgas S.p.A. is an Italian energy infrastructure company focused primarily on the distribution of natural gas. Through its operating subsidiaries, the company manages local gas distribution networks, connecting households, businesses and other customers to the gas supply system. Its activities include network operation and maintenance, metering, technical services and the development of digital solutions for distribution infrastructure.

Founded in Turin in 1837, Italgas is one of Europe’s oldest gas companies and has played a significant role in the development of Italy’s gas distribution system.