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Intred S.p.A. Expands Share Buyback Program

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Intred S.p.A. Expands Share Buyback Program

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Intred SpA ( (IT:ITD) ) has provided an update.

Intred S.p.A. announced the purchase of 700 own shares at an average price of 9.794 Euros per share, totaling 6,856 Euros, as part of a shareholder-approved program. This operation, conducted through Intermonte SIM S.p.A., brings the company’s total ownership to 43,061 shares, representing 0.2710% of its share capital. The buyback program reflects Intred’s strategic financial management and commitment to enhancing shareholder value.

The most recent analyst rating on (IT:ITD) stock is a Buy with a EUR17.20 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 leading telecommunications operator based in the Lombardy region, founded in 1996 by Daniele Peli. The company, listed on the Euronext Growth Milan market since 2018, operates a fiber optic network over 14,250 kilometers long. It provides broadband and ultra-broadband connectivity, fixed access wireless, fixed telephony, cloud services, and related ancillary services to professional, public administration, and residential customers. Intred’s direct management of infrastructure ensures high efficiency, profitability, and quality of service, making it a reliable technological partner.

Average Trading Volume: 6,616

Technical Sentiment Signal: Sell

Current Market Cap: €156.2M

See more data about ITD stock on TipRanks’ Stock Analysis page.

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