Nexans (NXPRF) Projected to Announce Quarterly Earnings on Wednesday

Nexans (OTCMKTS:NXPRF) is projected to post 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 Stock Down 0.0%

Shares of OTCMKTS NXPRF opened at $154.91 on Tuesday. The company has a 50 day simple moving average of $173.49 and a two-hundred day simple moving average of $160.16. Nexans has a fifty-two week low of $136.79 and a fifty-two week high of $201.32.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXPRF. BNP Paribas Exane initiated coverage on Nexans in a research report on Wednesday, May 6th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nexans in a report on Thursday, April 30th. Finally, Barclays restated 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, Based on data from MarketBeat, the stock has a consensus 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.