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

Prysmian S.p.A. (OTCMKTS:PRYMY) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

PRYMY has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Oddo Bhf upgraded Prysmian to an “outperform” rating in a report on Friday. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein cut Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th.

Prysmian Price Performance

Shares of PRYMY stock opened at $71.17 on Tuesday. Prysmian has a one year low of $44.38 and a one year high of $92.89. The company has a 50 day moving average price of $73.14 and a 200 day moving average price of $72.71.

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.