Prysmian (OTCMKTS:PRYMY) Upgraded at Zacks Research

Zacks Research upgraded shares of Prysmian (OTCMKTS:PRYMY) to a hold rating in a research note published on Tuesday,Zacks.com reports.

PRYMY has been the topic of a number of other research reports. Berenberg Bank cut Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Prysmian from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Prysmian presently has a consensus rating of “Hold”.

Prysmian Stock Performance

Shares of PRYMY stock opened at $57.82 on Tuesday. Prysmian has a fifty-two week low of $21.62 and a fifty-two week high of $63.22. The stock’s fifty day moving average price is $56.62 and its two-hundred day moving average price is $51.41. The company has a market cap of $33.18 billion and a PE 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.