Prysmian (OTCMKTS:PRYMY) Shares Gap Up – What’s Next?

Prysmian S.p.A. (OTCMKTS:PRYMY) shares gapped up before the market opened on Friday . The stock had previously closed at $70.15, but opened at $73.4225. Prysmian shares last traded at $73.76, with a volume of 4,650 shares traded.

Wall Street Analysts Forecast Growth

PRYMY has been the subject of a number of analyst reports. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Sanford C. Bernstein lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Oddo Bhf raised Prysmian to an “outperform” rating in a report on Friday, September 4th. Finally, Barclays reiterated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Prysmian Trading Up 4.3%

The stock’s fifty day moving average price is $72.57 and its two-hundred day moving average price is $73.01.

About Prysmian

Prysmian S.p.A. is an Italy-based manufacturer of cable systems and related solutions for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrical infrastructure, renewable energy projects, industrial applications, and data and telecommunications networks.

Its portfolio includes high- and extra-high-voltage underground and submarine cables, overhead lines, optical fiber and copper cables, connectivity products, and related engineering and installation services.