Prysmian (OTCMKTS:PRYMY) Shares Gap Up – What’s Next?

Prysmian S.p.A. (OTCMKTS:PRYMY) shares gapped up prior to trading on Monday. The stock had previously closed at $55.22, but opened at $57.46. Prysmian shares last traded at $57.41, with a volume of 14,778 shares traded.

Analyst Ratings Changes

PRYMY has been the subject of several research analyst reports. Sanford C. Bernstein lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Prysmian in a research note on Sunday, October 11th. Berenberg Bank upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Oddo Bhf upgraded Prysmian to an “outperform” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Prysmian Stock Performance

The business has a 50 day moving average of $68.45 and a 200-day moving average of $69.61.

About Prysmian

Prysmian S.p.A. is an Italian manufacturer of cables and cable systems for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrification, renewable energy, industrial applications, transportation, construction and data communications.

Its portfolio includes high- and medium-voltage cables, underground and submarine power cables, fiber-optic and copper telecommunications cables, specialty cables and related cable systems and services.