Kepler Capital Markets cut shares of Snam (OTCMKTS:SNMRY – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Separately, The Goldman Sachs Group raised Snam to a “strong-buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
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Snam Price Performance
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.
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