Prysmian (OTCMKTS:PRYMY) PT Raised to €40.00 at JPMorgan Chase & Co.

Prysmian (OTCMKTS:PRYMYGet Rating) had its price objective lifted by JPMorgan Chase & Co. from €38.00 ($40.00) to €40.00 ($42.11) in a report issued on Sunday, The Fly reports.

Several other research analysts have also recently commented on PRYMY. Morgan Stanley reduced their price target on Prysmian from €33.00 ($34.74) to €32.00 ($33.68) and set an “overweight” rating for the company in a research report on Wednesday, April 20th. Credit Suisse Group raised Prysmian from a “neutral” rating to an “outperform” rating in a research report on Monday, April 11th. Finally, Citigroup reduced their price target on Prysmian from €38.00 ($40.00) to €36.00 ($37.89) in a research report on Wednesday, March 2nd.

PRYMY stock opened at $14.50 on Friday. The business has a 50-day moving average of $16.34 and a 200-day moving average of $17.38. Prysmian has a fifty-two week low of $14.27 and a fifty-two week high of $19.92.

Prysmian Company Profile (Get Rating)

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. The company operates through three segments: Projects, Energy, and Telecom. The Projects segment designs, produces, and installs high and extra high voltage cables for electricity transmission from power plants, and within transmission and primary distribution grids; high voltage cabling systems for terrestrial and submarine applications; submarine cable solutions for power transmission and distribution; data transmission cables; and umbilical cables, hoses, and electrical, optical, and signalling components for oil well management, as well as offers services for terrestrial and submarine interconnections between various countries and between offshore wind farms and the mainland, which is used for generation and distribution of electricity.

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