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HSBC upgraded SNAM SPA UNSP ADR EA REPR 2 ORD SHS (NASDAQ:SNMRY) to Buy in a report released today.

Yesterday SNAM SPA UNSP ADR EA REPR 2 ORD SHS (NASDAQ:SNMRY) traded 0.10% higher at $10.30. The company’s 50-day moving average is $10.97 and its 200-day moving average is $11.46. The last stock close price is down -10.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 194 shares of the stock were exchanged, down from an average trading volume of 7,578

HSBC has upgraded SNAM SPA UNSP ADR EA REPR 2 ORD SHS (NASDAQ:SNMRY) to Buy in a report released on 10/11/2016.

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SNAM SPA UNSP ADR EA REPR 2 ORD SHS (NASDAQ:SNMRY)

SNAM SPA UNSP ADR EA REPR 2 ORD SHS has a 52 week low of $9.93 and a 52 week high of $12.62 with a P/E ratio of 14.20 The company’s market cap is currently $0.

About SNAM SPA UNSP ADR EA REPR 2 ORD SHS (NASDAQ:SNMRY)

Snam S.p.A. provides natural gas transportation, regasification, storage, and distribution services in Italy. It operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, Natural Gas Storage, and Natural Gas Distribution segments. The company provides natural gas transportation and dispatching services with approximately 32,534 kilometers of high- and medium-pressure gas pipelines; and regasification services, which include unloading the LNG from the vessel, operating storage time required for vaporizing the LNG, and regasifying and injecting the LNG into the network. It also offers natural gas storage services through an integrated infrastructure comprising deposits, wells, gas treatment plants, compression stations, and the operational dispatching system; and operates nine storage concessions, including five in Lombardy, three in Emilia-Romagna, and one in Abruzzo. In addition, the company distributes natural gas to 1,472 municipal concessions with approximately 56,717 kilometers of medium- and low-pressure network. Further, it is involved in the provision of technical services relating to natural gas distribution activities; and the leasing and maintenance of optic-fiber telecommunication cables. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in San Donato Milanese, Italy.

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