Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Average Rating of “Moderate Buy” from Analysts

Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently weighed in on PRYMY shares. Sanford C. Bernstein cut Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Zacks Research downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Oddo Bhf upgraded Prysmian to an “outperform” rating in a research report on Friday, September 4th. Finally, Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd.

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Prysmian Price Performance

Shares of PRYMY stock opened at $73.40 on Tuesday. The company’s fifty day simple moving average is $72.42 and its two-hundred day simple moving average is $73.01. Prysmian has a 1 year low of $45.72 and a 1 year high of $92.89.

About Prysmian

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Prysmian S.p.A. is an Italy-based manufacturer of cable systems and related solutions for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrical infrastructure, renewable energy projects, industrial applications, and data and telecommunications networks.

Its portfolio includes high- and extra-high-voltage underground and submarine cables, overhead lines, optical fiber and copper cables, connectivity products, and related engineering and installation services.

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