Prysmian S.p.A. (OTCMKTS:PRYMY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

A number of analysts recently issued reports on PRYMY shares. Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Berenberg Bank cut Prysmian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. BNP Paribas Exane started coverage on Prysmian in a report on Wednesday, May 6th. They issued a “neutral” rating on the stock. Citigroup reissued a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a report on Friday.

Prysmian Stock Performance

PRYMY stock opened at $88.45 on Wednesday. The company has a market capitalization of $50.76 billion and a price-to-earnings ratio of 133.61. Prysmian has a fifty-two week low of $30.35 and a fifty-two week high of $92.74. The stock has a fifty day moving average of $65.82 and a 200-day moving average of $57.54.

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.