Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

PRYMY has been the subject of several recent research reports. Barclays reissued an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on Prysmian in a report on Wednesday, May 6th. They issued a “neutral” rating for the company. Finally, Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th.

Prysmian Stock Performance

OTCMKTS PRYMY opened at $71.57 on Monday. The firm has a market cap of $43.20 billion and a price-to-earnings ratio of 133.61. The firm has a 50 day simple moving average of $81.87 and a 200-day simple moving average of $69.54. Prysmian has a one year low of $38.12 and a one year 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.