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The latest announcement is out from Intred SpA ( (IT:ITD) ).
Intred S.p.A. reported a 7.2% increase in half-year revenues, reaching €27.8 million, supported by strong recurring revenues and strategic investments in its fiber optic network. The company achieved a historical high operating margin of 44.9%, reflecting its robust business model and strategic focus on profitable services. The ongoing merger with Connecting Italia S.r.l. is expected to enhance synergies and improve profitability, while the expansion of ultra-broadband services and the development of a data center project in Brescia are set to drive sustainable growth.
The most recent analyst rating on (IT:ITD) stock is a Buy with a EUR16.00 price target. To see the full list of analyst forecasts on Intred SpA stock, see the IT:ITD Stock Forecast page.
More about Intred SpA
Intred S.p.A. is a telecommunications operator listed on the Euronext Growth Milan market of Borsa Italiana. The company specializes in providing fiber optic network services, focusing on ultra-broadband connections and voice and data services, primarily in the Lombardy region.
Average Trading Volume: 5,120
Technical Sentiment Signal: Sell
Current Market Cap: €150.8M
For a thorough assessment of ITD stock, go to TipRanks’ Stock Analysis page.