Prysmian S.p.A. (OTCMKTS:PRYMY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several brokerages have issued reports on PRYMY. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Finally, BNP Paribas Exane initiated coverage on shares of Prysmian in a research note on Wednesday, May 6th. They set a “neutral” rating for the company.

Prysmian Trading Down 1.7%

Shares of OTCMKTS:PRYMY opened at $72.91 on Monday. The company has a market capitalization of $44.01 billion and a price-to-earnings ratio of 133.61. Prysmian has a 12 month low of $37.56 and a 12 month high of $92.89. The firm’s 50-day moving average is $82.59 and its 200 day moving average is $69.40.

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.