Prysmian (OTCMKTS:PRYMY) Stock Rating Lowered by Zacks Research

Prysmian (OTCMKTS:PRYMY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

PRYMY has been the topic of a number of other reports. Citigroup reiterated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. BNP Paribas Exane assumed coverage on Prysmian in a research report on Wednesday, May 6th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Prysmian Price Performance

Shares of OTCMKTS PRYMY opened at $81.65 on Tuesday. The company has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $66.60. The company has a market capitalization of $49.29 billion and a P/E ratio of 133.61. Prysmian has a 1 year low of $34.51 and a 1 year 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.