Italgas (ITGGF) to Announce Quarterly Earnings on Monday

Italgas (OTCMKTS:ITGGF) is expected to post its resultson Monday, July 27th. Analysts expect the company to announce earnings of $0.2233 per share and revenue of $761.0610 million for the quarter.

Italgas Trading Down 0.9%

Italgas stock opened at $11.50 on Friday. The business’s 50-day simple moving average is $11.71 and its 200 day simple moving average is $11.84. Italgas has a 12-month low of $8.23 and a 12-month high of $13.38.

Analyst Upgrades and Downgrades

ITGGF has been the topic of several recent research reports. Citigroup raised shares of Italgas from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Italgas in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Italgas presently has an average rating of “Moderate Buy”.

About Italgas

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.