Nexans (NXPRF) to Announce Quarterly Earnings on Wednesday

Nexans (OTCMKTS:NXPRF) is expected to be releasing its resultson Wednesday, July 29th. Analysts expect Nexans to announce 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 Monday. The business has a 50 day moving average price of $174.42 and a two-hundred day moving average price of $160.09. Nexans has a 12 month low of $136.79 and a 12 month high of $201.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NXPRF shares. BNP Paribas Exane assumed coverage on Nexans in a research report on Wednesday, May 6th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nexans in a research note on Thursday, April 30th. Finally, Barclays reissued an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Nexans has an average rating of “Buy”.

About Nexans

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.