Snam (OTCMKTS:SNMRF) Downgraded to Neutral at JPMorgan Chase & Co.

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JPMorgan Chase & Co. cut shares of Snam (OTCMKTS:SNMRF) from an overweight rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.

Other equities analysts have also issued reports about the stock. Main First Bank raised shares of Snam from a hold rating to a buy rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Snam in a research report on Monday, October 5th. Stifel Nicolaus lowered shares of Snam from a buy rating to a hold rating in a research report on Thursday, November 26th. Finally, The Goldman Sachs Group raised shares of Snam from a sell rating to a buy rating in a research report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy.

Shares of OTCMKTS:SNMRF opened at $5.63 on Monday. The firm’s 50 day simple moving average is $5.64 and its 200-day simple moving average is $5.25. Snam has a one year low of $3.75 and a one year high of $5.85.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the implementation and integrated management of natural gas infrastructure in Europe. It operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, and Natural Gas Storage segments. The company provides natural gas transportation and dispatching services with 32,727 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants.

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