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

Prysmian (OTCMKTS:PRYMY) was downgraded by stock analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on PRYMY. Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Finally, Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given 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%

Shares of PRYMY opened at $74.00 on Thursday. Prysmian has a 1 year low of $42.46 and a 1 year high of $92.89. The business’s 50 day simple moving average is $77.26 and its 200-day simple moving average is $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.