A number of other brokerages also recently issued reports on PRYMY. Credit Suisse Group upgraded shares of Prysmian from a neutral rating to an outperform rating in a report on Monday, April 11th. Morgan Stanley reduced their price target on shares of Prysmian from €33.00 ($34.02) to €32.00 ($32.99) and set an overweight rating on the stock in a report on Wednesday, April 20th.
Prysmian Stock Performance
PRYMY opened at $15.80 on Monday. Prysmian has a fifty-two week low of $12.54 and a fifty-two week high of $19.92. The firm’s fifty day moving average is $14.54 and its 200 day moving average is $15.68.
Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. The company operates through three segments: Projects, Energy, and Telecom. The Projects segment designs, produces, and installs high and extra high voltage cables for electricity transmission from power plants, and within transmission and primary distribution grids; high voltage cabling systems for terrestrial and submarine applications; submarine cable solutions for power transmission and distribution; data transmission cables; and umbilical cables, hoses, and electrical, optical, and signalling components for oil well management, as well as offers services for terrestrial and submarine interconnections between various countries and between offshore wind farms and the mainland, which is used for generation and distribution of electricity.
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