Snam (OTCMKTS:SNMRY) Upgraded at UBS Group

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

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

Snam Stock Performance

Shares of SNMRY 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 52-week low of $11.64 and a 52-week 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.