Snam (OTCMKTS:SNMRY) Cut to Hold at Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Snam (OTCMKTS:SNMRY) from a moderate buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Barclays cut Snam from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Snam Trading Down 0.9%

Snam stock opened at $11.66 on Tuesday. Snam has a 52-week low of $8.50 and a 52-week high of $12.41. The company’s 50 day moving average is $11.93 and its two-hundred day moving average is $11.48.

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.