Prysmian (OTCMKTS:PRYMY) Raised to “Hold” at Zacks Research

Prysmian (OTCMKTS:PRYMY) was upgraded by Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on PRYMY. Berenberg Bank downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Prysmian from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Prysmian Price Performance

Prysmian stock opened at $59.81 on Tuesday. The stock’s 50 day moving average is $56.48 and its 200 day moving average is $51.37. Prysmian has a one year low of $21.62 and a one year high of $63.22. The firm has a market cap of $34.32 billion and a P/E ratio of 133.61.

Prysmian Company Profile

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.