Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Prysmian S.p.A. (OTCMKTS:PRYMY) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have recently commented on PRYMY. Oddo Bhf upgraded Prysmian to an “outperform” rating in a research note on Friday, September 4th. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Sanford C. Bernstein downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Prysmian in a research note on Sunday, October 11th.

Prysmian Stock Performance

Shares of PRYMY stock opened at $61.01 on Wednesday. The business’s 50 day moving average is $67.86 and its two-hundred day moving average is $69.78. Prysmian has a 12-month low of $45.72 and a 12-month high of $92.89.

Prysmian Company Profile

Prysmian S.p.A. is an Italian manufacturer of cables and cable systems for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrification, renewable energy, industrial applications, transportation, construction and data communications.

Its portfolio includes high- and medium-voltage cables, underground and submarine power cables, fiber-optic and copper telecommunications cables, specialty cables and related cable systems and services.