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

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

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

Prysmian Stock Down 2.2%

Shares of PRYMY opened at $85.37 on Friday. The business’s 50 day moving average is $73.36 and its two-hundred day moving average is $60.74. Prysmian has a 52-week low of $31.74 and a 52-week high of $92.74. The firm has a market cap of $48.99 billion and a price-to-earnings ratio of 133.61.

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.