Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

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

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Prysmian Price Performance

PRYMY stock opened at $69.79 on Friday. The stock’s fifty day simple moving average is $71.37 and its two-hundred day simple moving average is $74.77. Prysmian has a 1-year low of $45.72 and a 1-year high of $92.89.

Prysmian Company Profile

(Get Free Report)

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.

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