Snam (OTCMKTS:SNMRY) Lowered to “Hold” Rating by Kepler Capital Markets

by · The Cerbat Gem

Snam (OTCMKTS:SNMRY – Get Free Report) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Snam to a “strong-buy” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Research Report on Snam

Snam Trading Down 2.8%

OTCMKTS:SNMRY opened at $14.34 on Thursday. The company has a fifty day moving average of $15.19 and a 200-day moving average of $14.11. Snam has a twelve month low of $11.36 and a twelve month high of $16.01.

About Snam

(Get Free Report)

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.

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