General Cable Corporation (BGC) Receives Analyst Rating

General Cable Corporation (BGC) : 1 analysts are covering General Cable Corporation (BGC) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

General

General Cable Corporation (NYSE:BGC): After opening at $14.17, the stock dipped to an intraday low of $14 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.46 and the buying power remained strong till the end. The stock closed at $14.27 for the day, a gain of 0.85% for the day session. The total traded volume was 577,778. The stocks close on the previous trading day was $14.15.

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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