Prysmian (OTCMKTS:PRYMY) Stock Price Up 3.4% – What’s Next?

Prysmian S.p.A. (OTCMKTS:PRYMY)’s share price was up 3.4% on Monday . The stock traded as high as $63.22 and last traded at $63.11. Approximately 75,647 shares changed hands during trading, a decline of 19% from the average daily volume of 93,247 shares. The stock had previously closed at $61.01.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Prysmian in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut shares of Prysmian from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Prysmian Stock Performance

The firm has a 50 day simple moving average of $53.21 and a 200-day simple moving average of $49.30.

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.