UBS Group Upgrades Snam (OTCMKTS:SNMRY) to “Strong-Buy”

Snam (OTCMKTS:SNMRY) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

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

Snam Stock Performance

Snam stock opened at $12.68 on Thursday. The stock’s 50 day moving average price is $13.59 and its 200 day moving average price is $14.48. Snam has a 1-year low of $11.64 and a 1-year high of $16.01.

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.