Prysmian (OTCMKTS:PRYMY) Upgraded at Zacks Research

Prysmian (OTCMKTS:PRYMY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

Prysmian Stock Up 6.6%

PRYMY stock opened at $69.73 on Wednesday. Prysmian has a twelve month low of $39.39 and a twelve month high of $92.89. The stock has a market capitalization of $42.09 billion and a price-to-earnings ratio of 133.61. The firm’s fifty day simple moving average is $80.51 and its two-hundred 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.