Saipem SpA (NASDAQ:SAPMY) was downgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Saipem SpA (NASDAQ SAPMY) opened at 8.55 on Tuesday. The stock’s market cap is $4.29 billion. The company’s 50 day moving average is $8.04 and its 200 day moving average is $8.21. Saipem SpA has a 12 month low of $4.80 and a 12 month high of $85.60.

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Saipem SpA Company Profile

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. It is organized into two business units: Engineering & Construction and Drilling.

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