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

Prysmian S.p.A. (OTCMKTS:PRYMY) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of analysts have recently weighed in on the stock. BNP Paribas Exane started coverage on shares of Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating for the company. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Barclays reissued an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Finally, Citigroup reissued a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th.

Prysmian Price Performance

PRYMY stock opened at $71.57 on Monday. Prysmian has a 12 month low of $36.61 and a 12 month high of $92.89. The firm has a market cap of $43.20 billion and a P/E ratio of 133.61. The company’s 50-day moving average price is $83.66 and its two-hundred day moving average price is $68.92.

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.