Snam SPA (OTCMKTS:SNMRY) has been upgraded from Hold to Buy in a statement by HSBC earlier today.
- Updated: October 11, 2016
HSBC has upgraded Snam SPA (OTCMKTS:SNMRY) from Hold to Buy in a statement released on 10/11/2016.
Having a price of $10.30, Snam SPA (OTCMKTS:SNMRY) traded 0.10% higher on the day. With the last close down -10.03% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SNMRY has recorded a 50-day average of $10.97 and a two hundred day average of $11.46. Trade Volume was down over the average, with 194 shares of SNMRY changing hands under the typical 7,578
Recent Performance Chart
Snam SPA has PE ratio of 14.20 with a one year low of $9.93 and a one year high of $12.62 and has a market cap of $0.
General Information About Snam SPA (OTCMKTS: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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