Kepler Capital Markets Downgrades Snam (OTCMKTS:SNMRY) to Hold

Snam (OTCMKTS:SNMRY) was downgraded by equities researchers at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of Snam to a “strong-buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Snam currently has a consensus rating of “Hold”.

Snam Price Performance

SNMRY stock opened at $14.34 on Thursday. Snam has a 12 month low of $11.36 and a 12 month high of $16.01. The firm has a 50 day moving average of $15.19 and a two-hundred day moving average of $14.11.

Snam Company Profile

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.