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

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

Several research analysts recently commented on the company. BNP Paribas Exane started coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th.

Prysmian Price Performance

Shares of OTCMKTS PRYMY opened at $83.68 on Thursday. The business has a 50-day moving average of $82.41 and a 200-day moving average of $65.44. The stock has a market capitalization of $50.52 billion and a price-to-earnings ratio of 133.61. Prysmian has a fifty-two week low of $33.20 and a fifty-two week 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.