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

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

Infrastrutture Wireless Italiane Stock Performance

Shares of OTCMKTS:IFSUF opened at $8.20 on Wednesday. The stock has a fifty day simple moving average of $7.61 and a two-hundred day simple moving average of $8.12. Infrastrutture Wireless Italiane has a 12-month low of $6.82 and a 12-month high of $11.46.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Infrastrutture Wireless Italiane to an “overweight” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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.