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General Cable Corporation (BGC) [hlAlert]

Rating:
Buy BGC
down 54.80 %

General Cable Corporation (BGC) upgraded to Buy with price target $36 by KeyBanc Capital Mkts

Posted on: Wednesday,  Nov 17, 2010  8:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Buy General Cable Corporation (NYSE: BGC) on 11/17/2010, when the stock price was $31.35.
Since then, General Cable Corporation has lost 54.80% as of 12/24/2015's recent price of $14.17.
If you would have followed this KeyBanc Capital Mkts's recommendation on BGC, you would have lost 54.8% of your investment in 1863 days.

General Cable Corporation is engaged in developing, designing, manufacturing, marketing, distributing and installing copper, aluminum and fiber optic wire and cable products. The Company operates in three segments based on geographic regions: North America, which primarily consists of operations in the United States and Canada; Europe and North Africa, and Rest of World (ROW), which consists of operations in Latin America, Sub-Saharan Africa, Middle East and Asia Pacific. The products of the Company include electric utility products, electrical infrastructure products, construction products, communication products and rod mill products. On May 21, 2008, the Company entered a joint venture for majority ownership of E.P.E / EN.I.CA.BISKRA/SPA (Enica Biskra). In August 2009, it acquired Gepco International, Inc. and Isotec, Inc. (collectively, Gepco). Gepco is a manufacturer and provider of cabling solutions for the professional broadcast and entertainment markets.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2010 8:25 AM Buy
None
31.35 36.00
as of 12/31/2010
1 Week up  2.35 %
1 Month up  9.94 %
3 Months up  14.99 %
1 YTD up  14.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/11/2009 8:25 AM Hold
None
40.30

(*) Stock Price at the time of the recommendation.
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