Italy's Prysmian to buy United States rival General Cable for €3bn

General Cable

Northern Kentucky's General Cable Corp. agrees to be acquired in $3B deal

General Cable Corporation's current price of $29.85 translates into 0.60% yield.

General Cable Corporation (NYSE:BGC) declared a quarterly dividend on Monday, October 30th, RTT News reports.

TRADEMARK VIOLATION NOTICE: "General Cable Corporation (BGC) to Issue Quarterly Dividend of $0.18 on December 29th" was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. (TRIP), recently, we noticed that its shares were trading at regions closer to $34.76. Systematic Management L P accumulated 191,055 shares. Northern Tru Corp holds 0% or 658,715 shares. The average analysts gave this company a mean recommendation of 2.50. General Cable Corporation (NYSE:BGC) has risen 13.14% since December 4, 2016 and is uptrending. Gotham Asset Mgmt Ltd stated it has 0% in General Cable Corporation (NYSE:BGC). Clearbridge Limited Liability Corporation has 201,439 shares.

General Cable Corporation (NYSE:BGC)'s earnings per share has been growing at a -28.8 percent rate over the past 5 year when average revenue increase was noted as -8 percent. A ratio greater than one indicates an undervalued company, while a ratio less than one means a company is overvalued. This is a useful tool to help determine how the market prices a company relative to its actual worth. The stock is a Buy among 5 brokerage firms polled by Factset Research. Studying the standard deviation helps investors to identify the stocks that are about to make a major move. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. The stock exchanged hands 14.91 Million shares versus average trading capacity of 1.46 Million shares, yielding a market cap of $1.49 Billion.

General Cable Corporation (NYSE:BGC) is expected to pay $0.18 on Dec 29, 2017. It has underperformed by 3.56% the S&P500. This simple numeric scale reads 1 to 5, and it changes brokerage firm Hold recommendations into an average broker rating. Therefore 0 are positive.

Complementary Footprints

Taking a broader look at the analyst consensus, according to 1 analysts General Cable Corp (NYSE:BGC)'s price will reach at $26 during 52 weeks. The stock has "Hold" rating by Zacks on Monday, August 10. General Cable Co. has a one year low of $11.65 and a one year high of $20.80.

The two companies said they had entered into a "definitive merger agreement" under which Prysmian would acquire General Cable for $30 a share in cash.

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.

A ratio of a publicly-traded company's book value to its market value. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. A negative earnings surprise will usually result in a decline in share price.

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