Poste Italiane (OTCMKTS:PITAF) Shares Up 2.3% – Should You Buy?

Poste Italiane S.p.A. (OTCMKTS:PITAFGet Free Report)’s stock price shot up 2.3% during trading on Thursday . The company traded as high as $27.61 and last traded at $27.61. 102 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 167 shares. The stock had previously closed at $27.00.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “buy” rating on shares of Poste Italiane in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Poste Italiane presently has an average rating of “Buy”.

View Our Latest Stock Report on PITAF

Poste Italiane Price Performance

The company’s fifty day moving average price is $25.01 and its 200-day moving average price is $23.32.

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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