Prysmian S.p.A. (OTCMKTS:PRYMY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

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

Prysmian Price Performance

OTCMKTS PRYMY opened at $68.40 on Tuesday. The firm has a 50 day simple moving average of $72.14 and a 200-day simple moving average of $73.20. Prysmian has a one year low of $45.72 and a one year high of $92.89.

About Prysmian

Prysmian S.p.A. is an Italy-based manufacturer of cable systems and related solutions for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrical infrastructure, renewable energy projects, industrial applications, and data and telecommunications networks.

Its portfolio includes high- and extra-high-voltage underground and submarine cables, overhead lines, optical fiber and copper cables, connectivity products, and related engineering and installation services.