Prysmian (OTCMKTS:PRYMY) Upgraded at Zacks Research

Zacks Research upgraded shares of Prysmian (OTCMKTS:PRYMY) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

PRYMY has been the subject of several other research reports. Berenberg Bank downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Citigroup reissued a “buy” rating on shares of Prysmian in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Prysmian from a “buy” rating to a “hold” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prysmian has a consensus rating of “Moderate Buy”.

Prysmian Trading Up 0.8%

Prysmian stock opened at $71.60 on Tuesday. Prysmian has a twelve month low of $26.22 and a twelve month high of $72.64. The stock’s fifty day simple moving average is $60.92 and its 200-day simple moving average is $55.21. The firm has a market capitalization of $41.09 billion and a P/E ratio of 133.61.

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.