Poste Italiane (OTCMKTS:PITAF) Trading Up 26.3% – Here’s Why

Poste Italiane S.p.A. (OTCMKTS:PITAF) rose 26.3% during trading on Thursday . The company traded as high as $31.3950 and last traded at $31.3950. 185 shares were traded during mid-day trading, an increase of 39% from the average session volume of 133 shares. The stock had previously closed at $24.85.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays upgraded Poste Italiane from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 24th. Citigroup reiterated a “buy” rating on shares of Poste Italiane in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Poste Italiane in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Poste Italiane currently has a consensus rating of “Buy”.

Poste Italiane Trading Up 26.3%

The stock has a 50-day moving average price of $23.26 and a 200 day moving average price of $24.17.

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.