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 research note issued to investors 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 note on Thursday, August 6th. 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. Barclays reissued an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Finally, BNP Paribas Exane initiated coverage on Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Prysmian Stock Performance

Prysmian stock opened at $74.00 on Thursday. Prysmian has a 12 month low of $42.46 and a 12 month high of $92.89. The stock’s 50 day simple moving average is $77.26 and its two-hundred day simple moving average is $71.38.

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.