Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Prysmian S.p.A. (OTCMKTS:PRYMY) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

A number of brokerages have recently issued reports on PRYMY. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. BNP Paribas Exane started coverage on Prysmian in a research note on Wednesday, May 6th. They set a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Finally, Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st.

Prysmian Trading Down 2.7%

Shares of PRYMY opened at $81.65 on Thursday. The firm’s fifty day simple moving average is $83.52 and its two-hundred day simple moving average is $66.60. Prysmian has a 12 month low of $34.51 and a 12 month high of $92.89. The stock has a market capitalization of $49.29 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.