Poste Italiane (OTCMKTS:PITAF) Shares Up 26.3% – Still a Buy?

Shares of Poste Italiane S.p.A. (OTCMKTS:PITAF) traded up 26.3% during mid-day trading on Thursday . The company traded as high as $31.3950 and last traded at $31.3950. Approximately 185 shares were traded during mid-day 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 research firms recently weighed in on PITAF. Barclays raised shares of Poste Italiane from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Poste Italiane in a research report on Wednesday, June 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Poste Italiane in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Poste Italiane Stock Performance

The business’s 50-day simple moving average is $23.44 and its 200 day simple moving average is $24.22.

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.