JP Morgan Initiates Coverage On Belden to Neutral

JP Morgan Initiates Coverage On Belden(BDC). The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, Deutsche Bank said it Initiates Coverage On Belden, according to a research note issued on Dec 15, 2016. In the research note, the firm Announces the price-target to $85 per share. The shares have been rated ‘Buy’ by the firm.

Belden (BDC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.48% or 0.36 points. Due to strong positive momentum, the stock ended at $74.91, which is also near the day’s high of $75.84. The stock began the session at $74.59 and the volume stood at 10,08,556 shares. The 52-week high of the shares is $81.33 and the 52 week low is $50.84. The company has a current market capitalization of $3,160 M and it has 4,21,82,613 shares in outstanding.

Belden(BDC) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $608.156M. Analysts had an estimated revenue of $616.100M. Earnings per share were $1.42. Analysts had estimated an EPS of $1.4.

Several Insider Transactions has been reported to the SEC. On Jan 3, 2017, Judy L Brown (director) sold 9,000 shares at $76.50 per share price.Also, On Dec 15, 2016, Christoph Gusenleitner (EVP, Industrial Connectivity) sold 3,720 shares at $78.24 per share price.On Dec 9, 2016, Dhrupad Trivedi (President, Industrial IT) sold 523 shares at $80.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Belden Inc. is a signal transmission solutions provider. The Company’s 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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