Italgas (ITGGF) Projected to Announce Quarterly Earnings on Monday

Italgas (OTCMKTS:ITGGF) is expected to release its resultson Monday, July 27th. Analysts expect Italgas to announce earnings of $0.2233 per share and revenue of $780.1970 million for the quarter.

Italgas Stock Performance

Shares of OTCMKTS ITGGF opened at $11.39 on Monday. Italgas has a one year low of $8.04 and a one year high of $13.38. The business has a 50-day moving average price of $11.77 and a two-hundred day moving average price of $11.83.

Analyst Upgrades and Downgrades

ITGGF has been the subject of a number of research analyst reports. Citigroup raised shares of Italgas from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Italgas in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Italgas presently has an average rating of “Moderate Buy”.

Italgas Company Profile

Italgas S.p.A. is one of Europe’s leading operators in the regulated natural gas distribution sector. Through its network of concessions, the company designs, constructs and manages pipelines, metering stations and related infrastructure to deliver safe, efficient gas supply to residential, commercial and industrial end users. Its core business activities include network maintenance, emergency response services, and meter installation and management, all under long-term regulated tariffs set by national authorities.

Established in Turin in 1837, Italgas is among the oldest gas distribution companies in Europe.