Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) have received an average rating 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 given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts recently commented on the company. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Sanford C. Bernstein cut Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Zacks Research downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Barclays reissued an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Finally, Oddo Bhf upgraded Prysmian to an “outperform” rating in a research note on Friday, September 4th.

Prysmian Stock Up 1.4%

Prysmian stock opened at $69.19 on Friday. The company has a fifty day simple moving average of $71.34 and a 200-day simple moving average of $74.84. Prysmian has a 12-month low of $45.72 and a 12-month high of $92.89.

About Prysmian

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.