Prysmian S.p.A. (OTCMKTS:PRYMY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several equities analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Berenberg Bank lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane assumed coverage on Prysmian in a research report on Wednesday, May 6th. They issued a “neutral” rating on the stock. Finally, Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st.

Prysmian Stock Performance

Prysmian stock opened at $85.37 on Friday. The stock’s 50 day moving average price is $73.36 and its 200 day moving average price is $60.74. The firm has a market capitalization of $48.99 billion and a PE ratio of 133.61. Prysmian has a one year low of $31.74 and a one year high of $92.74.

Prysmian Company Profile

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.