Snam (OTCMKTS:SNMRY) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Snam (OTCMKTS:SNMRY) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks reports.

Separately, Kepler Capital Markets downgraded shares of Snam from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Snam Trading Up 0.2%

OTCMKTS:SNMRY opened at $12.68 on Thursday. Snam has a one year low of $11.64 and a one year high of $16.01. The company has a fifty day moving average price of $13.59 and a 200 day moving average price of $14.48.

About Snam

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.