Prysmian (OTCMKTS:PRYMY) Lowered to Hold Rating by Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Prysmian (OTCMKTS:PRYMY) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. BNP Paribas Exane began coverage on shares of Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating on the stock. Zacks Research raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Prysmian Stock Down 1.6%

PRYMY opened at $74.00 on Thursday. Prysmian has a twelve month low of $42.46 and a twelve month high of $92.89. The company has a 50-day simple moving average of $77.26 and a 200 day simple moving average of $71.38.

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.