Zacks Research Upgrades Prysmian (OTCMKTS:PRYMY) to Strong-Buy

Prysmian (OTCMKTS:PRYMY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on PRYMY. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane started coverage on Prysmian in a research report on Wednesday, May 6th. They issued a “neutral” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Prysmian presently has a consensus rating of “Moderate Buy”.

Prysmian Price Performance

Shares of PRYMY stock opened at $69.73 on Wednesday. The company has a market cap of $42.09 billion and a price-to-earnings ratio of 133.61. Prysmian has a 1 year low of $39.39 and a 1 year high of $92.89. The firm has a fifty day moving average price of $80.51 and a 200-day moving average price of $70.10.

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.