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

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages have weighed in on PRYMY. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. BNP Paribas Exane initiated coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. Berenberg Bank cut Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st.

Prysmian Price Performance

Shares of OTCMKTS PRYMY opened at $82.41 on Friday. The stock’s 50-day moving average is $76.59 and its two-hundred day moving average is $62.10. Prysmian has a 1-year low of $31.74 and a 1-year high of $92.89. The company has a market cap of $47.29 billion and a price-to-earnings ratio of 133.61.

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.