Saipem (OTCMKTS:SAPMF) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Saipem (OTCMKTS:SAPMFGet Rating) from a sell rating to a hold rating in a research report report published on Friday morning, reports.

According to Zacks, “Saipem S.p.A. provides drilling services as well as engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore primarily in the oil & gas market. Saipem S.p.A. is headquartered in Milan, Italy. “

Shares of OTCMKTS:SAPMF opened at $1.24 on Friday. Saipem has a 1-year low of $1.07 and a 1-year high of $2.85. The firm has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.63.

About Saipem (Get Rating)

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects.

Featured Stories

Get a free copy of the Zacks research report on Saipem (SAPMF)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Saipem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saipem and related companies with's FREE daily email newsletter.