Infrastrutture Wireless Italiane (IFSUF) Projected to Release Quarterly Earnings on Wednesday

Infrastrutture Wireless Italiane (OTCMKTS:IFSUF) will likely be posting its results before the market opens on Wednesday, November 11th. Analysts expect the company to announce earnings of $0.1058 per share and revenue of $304.13 million for the quarter.

Infrastrutture Wireless Italiane Stock Performance

IFSUF stock opened at $8.20 on Wednesday. Infrastrutture Wireless Italiane has a 1-year low of $6.82 and a 1-year high of $11.46. The business has a fifty day moving average price of $7.61 and a 200-day moving average price of $8.12.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Infrastrutture Wireless Italiane to an “overweight” rating in a report on Monday, August 24th. Two equities research 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 a consensus rating of “Moderate Buy”.

Infrastrutture Wireless Italiane Company Profile

Infrastrutture Wireless Italiane S.p.A., commonly known as INWIT, is an Italian telecommunications infrastructure company that owns, operates and manages passive wireless infrastructure. Its assets include towers, rooftop sites, small cells, distributed antenna systems and other facilities used to support mobile communications networks.

INWIT provides hosting and connectivity solutions to mobile network operators and other communications service providers. By allowing multiple customers to share its infrastructure, the company supports the deployment of voice and data networks while also serving applications such as broadband connectivity, Internet of Things services, private networks and smart-city solutions.

The company was established in 2015 through the separation of Telecom Italia’s wireless tower business and was listed on the Italian stock market that year.