Among the European company’s shares which you can find on the online share market , those of Italian companies are particularly popular with investors. We decided to tell you more about the Prysmian share here. You'll discover information about the group and its activities, but also historical data from the technical analysis of its stock price, to help you develop your own strategies.
First of all, the electricity and the telecommunications market in Italy along with the rest of Europe are to be monitored very closely as Prysmian's activities depend largely on their financial health and demand level.
The development of fibre optics is also an interesting element to analyse because it represents an additional profit opportunity for Prysmian.
Closely monitoring the group's news on establishing strategic partnerships and alliances allowing it to develop its profitability is also important.
Finally, paying attention to the operations carried out by Prysmian aimed at expanding its activities from a geographic point of view, notably by reaching new countries close to Italy or in the rest of Europe.
The Prysmian group is a company specializing in the design, production, sale and installation of cables and cabling systems. More specifically, most of its turnover is made by electric cables and wiring systems, and another part, by telecom cables and wiring systems.
With over 90 production sites around the world, this group reaches the Italian market, along with the European, North African, North American, Asian and Latin American markets.
The Prysmian share price is currently listed on the Borsa Italiana MTA market in Italy. It's also included in the calculation of the EuroStoxx 50 stock market index.
The Prysmian group is still number one worldwide in the cabling sector. As a result, its market shares are highly coveted by other large companies in this field of activity. So it's essential to closely monitor this sector and its major players if you plan to invest part of your capital in the Prysmian share price. To do so, here's the list of the current main competitors of Prysmian, classified by level of average annual turnover.
The French company Nexans is in second position in this sector in terms of turnover, just behind Prysmian.
The Japanese group Sumitomo Electric currently ranks third in the ranking of the largest cabling companies.
An American Company is placed fourth in this ranking.
In fifth position the American company Southwire.
Sixth place is occupied by LS Cable.
Next comes the Japanese Furukawa Electric in 7th position.
Then the Japanese Fujikura in 8th place.
The Hitachi Cable subsidiary occupies 9th place.
Finally, the Italian company Leoni is in 10th place.
In recent years, the Prysmian group has not really created many strategic partnerships, its reputation is more than enough to win contracts around the world.
One thing should be noted, the strategic takeover of Draka, a Dutch cabling company in 2010, which enabled Prysmian to overtake Nexans and place itself at the head of this sector of activity on a global level.
It is possible that Prysmian soon establish other strategic alliances and we therefore advise you to closely monitor its economic and financial news.
Against these numerous arguments in favour of a rise in the Prysmian share price we do of course find a number of negative factors concerning the growth possibilities of this asset that could lead to a reversal in the rising trend.
It was in 2005 that the Prysmian Company as we know it today was created. It was following the intervention of the Goldman Sachs group which bought the activities of Pirelli Cavi SpA, a subsidiary of the Pirelli group that year that this entity is born. It's important to know that more than 80% of the capital of the Prysmian Company is held by a large international public and that only 20% of this capital belongs to institutional investor shareholders.
Part of the capital of the Prysmian Company belongs to private institutional investors. We know that BlackRock holds 5.725% of the shares, Fil Limited holds 3.323%, UBS 2.467%, Standard Life 2.157%, JP Morgan Chase & Co 2.170%, Jabre Capital Partners 2.097%, Lazard 2.078%, Schroder Investment Management Ltd owns 2.027% and the rest of the capital is distributed to the public.
Yes! It is possible to trade the Prysmian share price online using CFDs, contracts for difference. These contracts allow investors to bet on the rise or drop of the price of the value without having to buy these securities beforehand.
