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, Zacks.com 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.

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