General Cable Stock Rating Lowered by TheStreet (BGC)
TheStreet lowered shares of General Cable (NYSE: BGC) from a buy rating to a hold rating in a research report released on Wednesday morning.
“General Cable Corporation (BGC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”
,” TheStreet’s analyst commented.
General Cable (NYSE: BGC) traded up 0.67% on Wednesday, hitting $36.14. General Cable has a 52-week low of $34.57 and a 52-week high of $36.50. The stock’s 50-day moving average is currently $35.6. The company has a market cap of $1.796 billion and a price-to-earnings ratio of 485.14.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of General Cable from $38.00 to $37.50 in a research note to investors on Tuesday, February 26th. They now have a buy rating on the stock. Separately, analysts at CL King upgraded shares of General Cable from a neutral rating to a buy rating in a research note to investors on Tuesday, February 26th. Finally, analysts at Zacks downgraded shares of General Cable from a neutral rating to an underperform rating in a research note to investors on Wednesday, February 20th. They now have a $33.40 price target on the stock.
One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $36.18.
General Cable Corporation is engaged in developing, designing, manufacturing, marketing, distributing and installing copper, aluminum and fiber optic wire and cable products.
To view TheStreet’s full report, visit www.thestreetratings.com
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