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

Prysmian (OTCMKTS:PRYMY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. BNP Paribas Exane started coverage on shares of Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Finally, Citigroup reiterated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prysmian presently has a consensus rating of “Moderate Buy”.

Prysmian Stock Performance

OTCMKTS:PRYMY opened at $81.65 on Tuesday. The stock has a market capitalization of $49.29 billion and a PE ratio of 133.61. Prysmian has a fifty-two week low of $34.51 and a fifty-two week high of $92.89. The company has a fifty day moving average of $83.52 and a two-hundred day moving average of $66.60.

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.