Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $92.74 and last traded at $92.14, with a volume of 88556 shares traded. The stock had previously closed at $90.41.
Analysts Set New Price Targets
A number of brokerages recently weighed in on PRYMY. Zacks Research upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Berenberg Bank lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Finally, BNP Paribas Exane initiated coverage on shares of Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on PRYMY
Prysmian Stock Performance
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.
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