Prysmian traded at 127.40 this Friday April 24th, increasing 4.90 or 4.00 percent since the previous trading session. Looking back, over the last four weeks, Prysmian gained 29.45 percent. Over the last 12 months, its price rose by 165.03 percent. Looking ahead, we forecast Prysmian to be priced at 124.10 by the end of this quarter and at 114.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
Prysmian SpA is an Italy-based company active in the the development, design, production, supply and installation of cables. The Company’s business activities are divided into three principal sectors: Energy and Telecom. The Energy segment is divided into four lines of business, including Utilities, which consists of power transmission systems, submarine power transmission and distribution systems, power distribution cables and systems, and grid accessories and components; Trade & Installers, offers cables for power distribution to and within buildings; Industrial, which includes cables for renewable, automotive, elevator and oil and gas sectors, and Other, which is active in the sale of semi-finished products, raw materials or other goods. The Telecom segment makes cable systems and connectivity products used in telecommunication networks, including optical fibre, optical cables, connectivity components, Optical Ground Wire ( OPGW) and copper cables, among others.