Analyst Rating Update on General Cable Corporation (BGC)

General Cable Corporation (BGC) : Zacks Investment Research ranks General Cable Corporation (BGC) as 3, which is a Hold recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 1 research analysts is 3, which indicates as a Hold.

Company shares have received an average consensus rating of Hold for the current week

General

General Cable Corporation (NYSE:BGC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.04 and $13.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.06, notching a gain of 0.50% for the day. The total traded volume was 821,799 . The stock had closed at $13.99 on the previous day.

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company operates through four segments: North America, Europe, Latin America, and Africa/Asia Pacific. The Company additionally engages in the design, integration and installation on a turnkey basis for products, such as high and extra-high voltage terrestrial and submarine systems. The Companys segments develops, designs, manufactures, markets and distributes copper, aluminum, and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets, and electric utility, electrical infrastructure, construction and communications industries. It offers five categories of products, such as electric utility, electrical infrastructure, communications, construction and rod mill.

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