Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) saw unusually-high trading volume on Friday . 51,024 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 92,102 shares.The stock last traded at $72.96 and had previously closed at $71.28.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on PRYMY shares. Zacks Research raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. BNP Paribas Exane initiated coverage on Prysmian in a report on Wednesday, May 6th. They issued a “neutral” rating for the company. Citigroup reissued a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Finally, Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Research Report on Prysmian
Prysmian Trading Up 1.4%
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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