Atlantia is a holding company with responsibility for portfolio strategies in the transport and communications infrastructures and network sectors (especially invested on Italian motorways). The top shareholder is the family Benetton thanks to the company Schemaventotto.

On August 2, the company released half year results, reporting sales in line with analysts estimates at €1.88 billion, but with net income higher than estimates at€485.9 million against €314 million. The company has an interesting value; in fact at the current price, it has a price earnings ratio of 9.6x for FY2012 estimates, according to Thomson Reuters.

Graphically, the share is in a bullish trend in the short term, as represented by 20 day moving average. In add, the stock shows an interesting technical pattern in weekly data so called “double bottom” on the long term support of EUR 9.
We suggest to take a long position with a first target on the EUR 12.29 midterm resistance and then a return on the EUR 15 level. A stop loss will be placed below EUR 10.5.