CTT traded at 5.90 this Thursday March 26th, decreasing 0.09 or 1.50 percent since the previous trading session. Looking back, over the last four weeks, CTT lost 17.25 percent. Over the last 12 months, its price fell by 22.47 percent. Looking ahead, we forecast CTT to be priced at 5.80 by the end of this quarter and at 5.36 in one year, according to Trading Economics global macro models projections and analysts expectations.
CTT Correios de Portugal SA (CTT) is a Portugal-based company principally engaged in the provision of courier services. The Company's activities are divided into four business segments: Mail, Express & Parcels, Financial Services and CCT Bank. The Mail division operates post offices, as well as offers postal services to business customers, distribution of advertising materials and postal communication solutions, among others. The Express & Parcels division provides courier services, as well as urgent mail and parcel delivery under CTT Expresso, Tourline and Corre brand names. The Financial Services division, under PayShop brand name, offers payment processing through a national network of agents, such as supermarkets, tobacco stores and kiosks. The CCT Bank division includes retail banking activity. The Company operates in Portugal, Spain and Mozambique.