Analyst Rating Update on General Cable Corporation (BGC)

General Cable Corporation (NYSE:BGC) has an average broker rating of 3, which is interpreted as a Hold, as rated by 2 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

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

General Cable Corporation (NYSE:BGC): On Tuesdays trading session , Opening price of the stock was $12.9 with an intraday high of $13.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.87. However, the stock managed to close at $12.22, a loss of 3.25% for the day. On the previous day, the stock had closed at $12.63. The total traded volume of the day was 1,402,234 shares.

In an insider trading activity, Lawton Gregory E, director of General Cable Corp /De/ had purchased 900 shares on June 17, 2016 in a transaction. The price per share was $14 and the total amount of the disclosed transaction was $12,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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