Zacks Research Upgrades Prysmian (OTCMKTS:PRYMY) to “Hold”

Prysmian (OTCMKTS:PRYMY) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on PRYMY. Citigroup reissued a “buy” rating on shares of Prysmian in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut shares of Prysmian from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Berenberg Bank lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Prysmian currently has an average rating of “Hold”.

Prysmian Stock Performance

PRYMY traded down $1.99 on Tuesday, hitting $57.82. 455,719 shares of the company were exchanged, compared to its average volume of 88,508. Prysmian has a 12 month low of $21.62 and a 12 month high of $63.22. The stock’s fifty day moving average is $56.48 and its 200-day moving average is $51.37. The company has a market cap of $33.18 billion and a PE 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.