Belden Inc (BDC) : Analyst Rating Update

Belden Inc (BDC) : The consensus on Belden Inc (BDC) based on 4 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Belden Inc (BDC) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $76 and the lowest price target forecast is $70. The average forecast of all the analysts is $72 and the expected standard deviation is $2.83.

Belden Inc (NYSE:BDC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.44 and $57.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.11, notching a gain of 1.79% for the day. The total traded volume was 265,005 . The stock had closed at $58.07 on the previous day.

Also, Stifel Nicolaus assumes its view on Belden Inc (NYSE:BDC) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on April 4, 2016. The company shares have dropped -22.42% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $86.69 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $62.24 and the 200 Day Moving Average price is recorded at $55.61.

Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.

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