Prysmian (OTCMKTS:PRYMY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Prysmian (OTCMKTS:PRYMY) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other analysts also recently commented on the company. BNP Paribas Exane began coverage on Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Barclays reiterated an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Prysmian Stock Performance

Shares of OTCMKTS PRYMY opened at $69.73 on Wednesday. Prysmian has a fifty-two week low of $39.39 and a fifty-two week high of $92.89. The stock has a market cap of $42.09 billion and a price-to-earnings ratio of 133.61. The firm’s 50-day simple moving average is $80.51 and its 200 day simple moving average is $70.10.

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.