Prysmian (OTCMKTS:PRYMY) Stock Rating Lowered by Zacks Research

Prysmian (OTCMKTS:PRYMY – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on PRYMY. BNP Paribas Exane began coverage on shares of Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating on the stock. Citigroup reissued a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Prysmian presently has an average rating of “Moderate Buy”.

Get Prysmian alerts:

Check Out Our Latest Stock Analysis on Prysmian

Prysmian Stock Down 2.7%

Shares of OTCMKTS:PRYMY opened at $81.65 on Tuesday. Prysmian has a 12 month low of $34.51 and a 12 month high of $92.89. The company’s 50-day moving average price is $83.52 and its two-hundred day moving average price is $66.60. The firm has a market cap of $49.29 billion and a P/E ratio of 133.61.

Prysmian Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Prysmian
• AirJoule Unveils Prime System, Clearing Path to Commercialization
• Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
• Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case

Receive News & Ratings for Prysmian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prysmian and related companies with MarketBeat.com's FREE daily email newsletter.