Prysmian (OTCMKTS:PRYMY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Prysmian (OTCMKTS:PRYMY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

PRYMY has been the topic of several other reports. Citigroup reissued a “buy” rating on shares of Prysmian in a research note on Thursday, January 15th. Berenberg Bank cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Prysmian from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Prysmian Trading Up 1.5%

Shares of Prysmian stock opened at $71.00 on Tuesday. The stock has a market capitalization of $40.74 billion and a price-to-earnings ratio of 133.61. Prysmian has a 1-year low of $25.29 and a 1-year high of $72.64. The firm’s 50-day moving average price is $60.69 and its two-hundred day moving average price is $55.10.

Prysmian Company Profile

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.