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

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

PRYMY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Barclays reiterated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Finally, BNP Paribas Exane initiated coverage on shares of Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company.

Prysmian Price Performance

Shares of OTCMKTS:PRYMY opened at $71.57 on Monday. The firm has a fifty day moving average price of $81.87 and a two-hundred day moving average price of $69.66. The company has a market cap of $43.20 billion and a price-to-earnings ratio of 133.61. Prysmian has a one year low of $38.12 and a one year high of $92.89.

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.