Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Average Recommendation of “Buy” from Analysts

Prysmian S.p.A. (OTCMKTS:PRYMY) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

PRYMY has been the subject of a number of research analyst reports. BNP Paribas Exane initiated coverage on shares of Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Zacks Research raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th.

Prysmian Price Performance

Shares of PRYMY opened at $75.27 on Friday. The business’s 50 day moving average is $77.43 and its 200 day moving average is $71.36. Prysmian has a 12-month low of $42.46 and a 12-month high of $92.89.

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.