Snam (OTCMKTS:SNMRY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Snam (OTCMKTS:SNMRY) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Sanford C. Bernstein lowered shares of Snam from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snam presently has an average rating of “Hold”.

Snam Stock Performance

Shares of OTCMKTS:SNMRY opened at $14.84 on Tuesday. The firm has a fifty day moving average price of $13.63 and a 200 day moving average price of $12.79. Snam has a fifty-two week low of $9.13 and a fifty-two week high of $15.15.

About Snam

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.