Nexans (NXPRF) Expected to Post Earnings on Wednesday

Nexans (OTCMKTS:NXPRF) is projected to release its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $3.95 per share and revenue of $4.7463 billion for the quarter.

Nexans Price Performance

OTCMKTS:NXPRF opened at $154.92 on Wednesday. Nexans has a 1-year low of $136.79 and a 1-year high of $201.32. The business’s 50-day moving average price is $177.20 and its two-hundred day moving average price is $159.87.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NXPRF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nexans in a research report on Thursday, April 30th. BNP Paribas Exane initiated coverage on shares of Nexans in a report on Wednesday, May 6th. They issued an “outperform” rating on the stock. Finally, Barclays reiterated an “overweight” rating on shares of Nexans in a research note on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Nexans Company Profile

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.