Prysmian (OTCMKTS:PRYMY) Downgraded to “Hold” Rating by Sanford C. Bernstein

Prysmian (OTCMKTS:PRYMY – Get Free Report) was downgraded by analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on PRYMY. Berenberg Bank upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. BNP Paribas Exane assumed coverage on shares of Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating for the company. Finally, Barclays reiterated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Prysmian has an average rating of “Buy”.

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Prysmian Trading Down 1.6%

PRYMY stock opened at $74.00 on Thursday. Prysmian has a 12-month low of $42.46 and a 12-month high of $92.89. The business’s 50-day moving average is $77.26 and its 200 day moving average is $71.38.

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.

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