Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Prysmian S.p.A. (OTCMKTS:PRYMY) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

PRYMY has been the subject of a number of research reports. Zacks Research downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Finally, BNP Paribas Exane began coverage on shares of Prysmian in a research report on Wednesday, May 6th. They issued a “neutral” rating for the company.

Prysmian Price Performance

PRYMY opened at $71.57 on Monday. The business has a fifty day simple moving average of $83.66 and a 200 day simple moving average of $68.92. Prysmian has a 1 year low of $36.61 and a 1 year high of $92.89. The company has a market capitalization of $43.20 billion and a PE ratio of 133.61.

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.