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

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

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

Prysmian Stock Down 1.9%

Prysmian stock opened at $87.80 on Friday. The firm has a market cap of $50.38 billion and a price-to-earnings ratio of 133.61. The business’s 50-day moving average price is $76.08 and its 200 day moving average price is $61.95. Prysmian has a 52 week low of $31.74 and a 52 week high of $92.89.

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.