Prysmian (OTCMKTS:PRYMY) Downgraded to Hold Rating by Zacks Research

Prysmian (OTCMKTS:PRYMY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Other research analysts also recently issued research reports about the stock. BNP Paribas Exane began coverage on shares of Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating on the stock. Citigroup reissued a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Finally, Berenberg Bank upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Prysmian has a consensus rating of “Moderate Buy”.

Prysmian Trading Up 1.2%

OTCMKTS PRYMY opened at $69.90 on Wednesday. Prysmian has a 12-month low of $44.02 and a 12-month high of $92.89. The company has a 50 day moving average price of $73.59 and a two-hundred day moving average price of $72.53.

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.