Somewhat Positive News Coverage Somewhat Unlikely to Impact General Cable (BGC) Stock Price
News headlines about General Cable (NYSE:BGC) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Cable earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 48.2549707854027 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- General Cable Target of Unusually Large Options Trading (BGC) (americanbankingnews.com)
- General Cable Shares Surge on Prysmian Takeover but Rivals Could Emerge (thestreet.com)
- General Cable Corp (bloomberg.com)
- BRIEF-Hengtong Optic-Electric scraps plan to bid for General Cable, share trade to resume (600487, BGC) (markets.businessinsider.com)
- General Cable Corp. (BGC) Soared To A New High After Merger (rttnews.com)
Shares of General Cable (NYSE BGC) opened at $29.70 on Friday. General Cable has a 1-year low of $14.95 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.98 and a quick ratio of 1.10. The firm has a market cap of $1,494.25, a P/E ratio of 43.90 and a beta of 2.89.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.72 annualized dividend and a yield of 2.42%. General Cable’s dividend payout ratio (DPR) is presently -20.22%.
Separately, BidaskClub downgraded shares of General Cable from a “buy” rating to a “hold” rating in a report on Monday, August 14th.
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About General Cable
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’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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