Infrastrutture Wireless Italiane (OTCMKTS:IFSUF) Shares Climb 1.1% – Still a Buy?

Infrastrutture Wireless Italiane S.p.A. (OTCMKTS:IFSUF) shot up 1.1% during mid-day trading on Friday. The stock traded as high as $8.20 and last traded at $8.20. 500 shares were traded during mid-day trading, a decline of 29% from the average session volume of 707 shares. The stock had previously closed at $8.11.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IFSUF shares. The Goldman Sachs Group lowered Infrastrutture Wireless Italiane to a “neutral” rating in a report on Friday, June 26th. Barclays raised Infrastrutture Wireless Italiane to an “overweight” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Infrastrutture Wireless Italiane Price Performance

The firm’s 50-day moving average is $7.48 and its 200 day moving average is $7.67.

About Infrastrutture Wireless Italiane

Infrastrutture Wireless Italiane S.p.A., commonly known as INWIT, is an Italian telecommunications infrastructure company that develops, owns and operates passive wireless infrastructure. Its assets support mobile network operators and other communications providers by enabling the transmission of voice, data and broadband services without directly providing retail telecommunications services to consumers.

The company’s portfolio includes macro towers, rooftop sites, small cells, distributed antenna systems and other infrastructure used to improve wireless coverage and network capacity.