General Cable Corp. (NYSE:BGC)’s share price rose 2.8% on Thursday . The stock traded as high as $14.78 and last traded at $14.70, with a volume of 199,351 shares changing hands. The stock had previously closed at $14.30.

Separately, Zacks Investment Research raised shares of General Cable Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Tuesday, May 3rd.

The firm’s 50-day moving average is $13.56 and its 200-day moving average is $12.14. The stock’s market capitalization is $715.99 million.

General Cable Corp. (NYSE:BGC) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.17. During the same period last year, the firm posted ($0.78) earnings per share. The business earned $974 million during the quarter, compared to analyst estimates of $851.33 million. General Cable Corp.’s quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts anticipate that General Cable Corp. will post $0.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.95%. The ex-dividend date was Wednesday, June 1st.

A number of institutional investors have modified their holdings of the stock. Robeco Institutional Asset Management B.V. acquired a new position in shares of General Cable Corp. during the fourth quarter valued at about $2,642,000. Pzena Investment Management LLC raised its position in shares of General Cable Corp. by 0.8% in the fourth quarter. Pzena Investment Management LLC now owns 1,723,104 shares of the company’s stock valued at $23,141,000 after buying an additional 13,325 shares during the period. South Dakota Investment Council raised its position in shares of General Cable Corp. by 22.3% in the fourth quarter. South Dakota Investment Council now owns 138,513 shares of the company’s stock valued at $1,860,000 after buying an additional 25,300 shares during the period. Ecofin Ltd. raised its position in shares of General Cable Corp. by 54.9% in the fourth quarter. Ecofin Ltd. now owns 930,039 shares of the company’s stock valued at $12,490,000 after buying an additional 329,624 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of General Cable Corp. by 482.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 122,380 shares of the company’s stock valued at $1,643,000 after buying an additional 101,358 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.