Poste Italiane (OTCMKTS:PITAF) Trading 26.3% Higher – Still a Buy?

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

Analyst Ratings Changes

Several equities research analysts recently commented on PITAF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Poste Italiane in a research report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of Poste Italiane in a research note on Wednesday, July 29th. Finally, Barclays raised Poste Italiane from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Poste Italiane Trading Up 26.3%

The firm has a fifty day moving average of $23.26 and a 200-day moving average of $24.17.

About Poste Italiane

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.