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

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

PRYMY has been the subject of several analyst reports. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Zacks Research raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane assumed coverage on shares of Prysmian in a research note on Wednesday, May 6th. They set a “neutral” rating for the company. Finally, Sanford C. Bernstein lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th.

Prysmian Trading Down 4.8%

Shares of PRYMY stock opened at $72.22 on Friday. The business’s 50 day simple moving average is $76.85 and its 200 day simple moving average is $71.69. Prysmian has a one year low of $42.46 and a one year high of $92.89.

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.