Snam (OTCMKTS:SNMRY) Cut to “Strong Sell” at Citigroup

Snam (OTCMKTS:SNMRY) was downgraded by analysts at Citigroup from a “hold” rating to a “strong sell” rating in a note issued to investors on Friday,Zacks.com reports.

Snam Stock Performance

Shares of Snam stock opened at $10.60 on Friday. Snam has a 1 year low of $8.50 and a 1 year high of $11.05. The company’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $9.46.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.