Italgas (OTCMKTS:ITGGF) Stock Price Down 3.9% – Here’s What Happened

Shares of Italgas S.p.A. (OTCMKTS:ITGGF) were down 3.9% during mid-day trading on Monday . The company traded as low as $10.21 and last traded at $10.21. Approximately 5,000 shares were traded during trading, a decline of 29% from the average session volume of 7,041 shares. The stock had previously closed at $10.6230.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Italgas in a research report on Tuesday, June 30th. Citigroup upgraded Italgas from a “neutral” rating to a “buy” rating in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Italgas in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Italgas Price Performance

The stock’s fifty day moving average is $11.47 and its two-hundred day moving average is $11.85.

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.