Poste Italiane (PITAF) Expected to Post Earnings on Friday

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

Poste Italiane Stock Performance

OTCMKTS:PITAF opened at $23.45 on Thursday. Poste Italiane has a 52 week low of $20.55 and a 52 week high of $27.61. The stock’s 50-day moving average price is $23.06 and its 200-day moving average price is $24.59.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PITAF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Poste Italiane in a research report on Wednesday, June 10th. Barclays raised shares of Poste Italiane from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Poste Italiane currently has a consensus rating of “Buy”.

Poste Italiane Company Profile

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.