Prysmian (OTCMKTS:PRYMY) Upgraded to “Strong-Buy” at Zacks Research

Prysmian (OTCMKTS:PRYMY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Barclays reissued an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. BNP Paribas Exane began coverage on shares of Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Prysmian Stock Up 6.6%

PRYMY stock opened at $69.73 on Wednesday. Prysmian has a 52 week low of $39.39 and a 52 week high of $92.89. The stock has a market capitalization of $42.09 billion and a PE ratio of 133.61. The firm has a 50 day moving average of $80.51 and a 200 day moving average of $70.10.

Prysmian Company Profile

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.