Snam S.p.A. (SNMRF) – What Are Researchers Thinking About This Stock?

Shares of Snam S.p.A. (OTCMKTS:SNMRF) have received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

Several equities research analysts have recently issued reports on SNMRF shares. UBS Group upgraded shares of Snam to a “buy” rating in a research note on Thursday, September 10th. Citigroup upgraded Snam from a “sell” rating to a “neutral” rating in a research note on Thursday, October 29th.

Snam Price Performance

Shares of SNMRF stock opened at $6.22 on Friday. Snam has a 52 week low of $5.94 and a 52 week high of $8.12. The firm’s 50-day simple moving average is $6.24 and its two-hundred day simple moving average is $6.95.

About Snam

Snam S.p.A. is an Italian energy infrastructure company focused on the transportation, storage and regasification of natural gas. Through its infrastructure network, the company connects gas production and import sources with distribution networks, industrial users and energy markets.

The company operates and manages gas transmission pipelines, underground storage facilities and liquefied natural gas regasification infrastructure. Snam also develops projects related to the energy transition, including biomethane, hydrogen and carbon capture and storage, alongside its core gas infrastructure activities.

Founded in 1941, Snam is headquartered in San Donato Milanese, Italy.