Prysmian (OTCMKTS:PRYMY) Rating Increased to Hold at Zacks Research

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

Several other brokerages have also issued reports on PRYMY. Berenberg Bank lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded Prysmian from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Prysmian Price Performance

Shares of OTCMKTS:PRYMY opened at $59.81 on Tuesday. Prysmian has a 1 year low of $21.62 and a 1 year high of $63.22. The stock has a market capitalization of $34.32 billion and a price-to-earnings ratio of 133.61. The company’s 50 day simple moving average is $56.48 and its 200 day simple moving average is $51.37.

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.