Wed Sep 25 03:44:49 UTC 2024: ## CTT – Correios De Portugal Hits New 52-Week High on Strong Earnings

**Lisbon, Portugal – September 24, 2024** – Shares of CTT – Correios De Portugal, S.A. (OTCMKTS: CTTPY) reached a new 52-week high of $8.02 on Tuesday, marking a significant milestone for the company. The surge follows a strong earnings report released on July 29th, where the company announced earnings per share of $0.15 and revenue of $256.83 million for the quarter.

CTT – Correios De Portugal operates worldwide, providing postal and financial services through its various segments, including Mail, Express & Parcels, Financial Services & Retail, and Bank. The company offers a range of services, from courier and urgent mail transport to postal financial services and banking.

Analysts believe the strong performance is driven by the company’s commitment to innovation and expansion of its services, particularly in the digital space. CTT’s strong financial position, evidenced by a healthy current and quick ratio, suggests continued positive momentum for the company.

Investors are optimistic about CTT’s future prospects, with the stock’s 50-day and 200-day simple moving averages both sitting at $8.00, indicating consistent growth and stability.

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