SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) from a buy rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Saipem S.p.A. provides drilling services as well as engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore primarily in the oil & gas market. Saipem S.p.A. is headquartered in Milan, Italy. “

Shares of SAIPEM NP (NASDAQ SAPMF) opened at 3.95 on Wednesday. The firm’s market cap is $3.97 billion. SAIPEM NP has a 12 month low of $0.40 and a 12 month high of $4.49. The company has a 50-day moving average of $3.85 and a 200-day moving average of $1.61.

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