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

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

A number of research firms have issued reports on PRYMY. Zacks Research upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane initiated coverage on Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th.

Prysmian Stock Down 0.9%

Shares of OTCMKTS:PRYMY opened at $83.68 on Thursday. The firm has a market cap of $50.52 billion and a price-to-earnings ratio of 133.61. Prysmian has a 12 month low of $33.20 and a 12 month high of $92.89. The company’s fifty day simple moving average is $82.41 and its 200 day simple moving average is $65.44.

About Prysmian

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.