Prysmian (OTCMKTS:PRYMY) Shares Gap Up – What’s Next?

Prysmian S.p.A. (OTCMKTS:PRYMY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $70.15, but opened at $73.4225. Prysmian shares last traded at $73.76, with a volume of 4,650 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on PRYMY shares. Barclays reissued an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Sanford C. Bernstein lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Zacks Research cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Oddo Bhf raised shares of Prysmian to an “outperform” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Prysmian Trading Up 4.3%

The business has a 50-day moving average of $72.57 and a two-hundred day moving average of $73.01.

Prysmian Company Profile

Prysmian S.p.A. is an Italy-based manufacturer of cable systems and related solutions for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrical infrastructure, renewable energy projects, industrial applications, and data and telecommunications networks.

Its portfolio includes high- and extra-high-voltage underground and submarine cables, overhead lines, optical fiber and copper cables, connectivity products, and related engineering and installation services.