Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $82.01, but opened at $76.6301. Prysmian shares last traded at $78.03, with a volume of 5,010 shares changing hands.
Wall Street Analysts Forecast Growth
PRYMY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. BNP Paribas Exane began coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Barclays reissued an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
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Prysmian Price 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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