Snam SPA (OTC:SNMRY) has been downgraded from Buy to Hold in a report by Jefferies & Co today.
- Updated: November 28, 2016
Jefferies & Co has downgraded Snam SPA (OTC:SNMRY) from Buy to Hold in a report released on Monday November 28, 2016.
Just yesterday Snam SPA (OTC:SNMRY) traded -0.21% lower at $9.47. SNMRY’s 50-day average is $9.87 and its two hundred day average is $10.92. With the last close down -13.26% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Volume of trade was down over the average, with 120 shares of SNMRY changing hands under the typical 2,656
With a total market value of $0, Snam SPA has price-earnings ratio of 13.34 with a one year low of $8.05 and a one year high of $12.62 .
More About Snam SPA (OTC: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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