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

Prysmian S.p.A. (OTCMKTS:PRYMY) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts recently issued reports on PRYMY shares. Oddo Bhf upgraded shares of Prysmian to an “outperform” rating in a report on Friday, September 4th. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th.

Prysmian Price Performance

OTCMKTS:PRYMY opened at $71.91 on Friday. Prysmian has a fifty-two week low of $45.72 and a fifty-two week high of $92.89. The company has a 50 day simple moving average of $71.15 and a two-hundred day simple moving average of $74.55.

Prysmian Company Profile

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.