Citigroup Downgrades Snam (OTCMKTS:SNMRY) to Strong Sell

Snam (OTCMKTS:SNMRY) was downgraded by equities researchers at Citigroup from a “hold” rating to a “strong sell” rating in a research report issued on Friday,Zacks.com reports.

Snam Price Performance

SNMRY opened at $10.60 on Friday. Snam has a 12 month low of $8.50 and a 12 month high of $11.05. The stock has a fifty day moving average price of $9.81 and a 200-day moving average price of $9.46.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.