Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $75.88, but opened at $73.12. Prysmian shares last traded at $72.74, with a volume of 2,144 shares.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PRYMY. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Barclays restated an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. 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 stock. According to data from MarketBeat, Prysmian has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on Prysmian
Prysmian Stock Performance
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.
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