Poste Italiane (OTCMKTS:PITAF) Trading 4.8% Higher – Time to Buy?

Shares of Poste Italiane S.p.A. (OTCMKTS:PITAFGet Free Report) were up 4.8% during trading on Tuesday . The company traded as high as $23.45 and last traded at $23.45. Approximately 1 shares traded hands during trading, a decline of 99% from the average daily volume of 140 shares. The stock had previously closed at $22.3815.

Analyst Upgrades and Downgrades

PITAF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Poste Italiane in a research note on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating on shares of Poste Italiane in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Get Our Latest Analysis on PITAF

Poste Italiane Price Performance

The firm’s fifty day moving average price is $23.45 and its 200-day moving average price is $24.81.

About Poste Italiane

(Get Free Report)

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.

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