Nexans (NXPRF) Projected to Post Earnings on Wednesday

Nexans (OTCMKTS:NXPRF) is expected to be issuing its resultson Wednesday, July 29th. Analysts expect Nexans to post earnings of $3.95 per share and revenue of $4.7463 billion for the quarter.

Nexans Price Performance

Nexans stock opened at $154.92 on Wednesday. The business has a 50 day moving average of $177.20 and a 200-day moving average of $159.87. Nexans has a 1 year low of $136.79 and a 1 year high of $201.32.

Wall Street Analysts Forecast Growth

NXPRF has been the topic of several research reports. BNP Paribas Exane started coverage on shares of Nexans in a report on Wednesday, May 6th. They set an “outperform” rating on the stock. Barclays restated an “overweight” rating on shares of Nexans in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nexans in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Nexans Company Profile

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical?fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.