Italgas (ITGGF) Expected to Release Quarterly Earnings on Thursday

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

Italgas Stock Up 2.8%

OTCMKTS ITGGF opened at $10.04 on Tuesday. The company has a 50 day moving average of $9.79 and a 200-day moving average of $11.25. Italgas has a 1-year low of $9.16 and a 1-year high of $13.38.

Analyst Ratings Changes

A number of research firms recently commented on ITGGF. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Italgas in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Italgas in a report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Italgas

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.