Coleman Cable Downgraded by BB&T Corp. to Hold (CCIX)

Coleman Cable (NASDAQ:CCIX) was downgraded by BB&T Corp. from a "buy" rating to a "hold" rating in a research note issued on Monday, You are not allowed to view links. Register or Login reports. They currently have a $26.26 price target on the stock. BB&T Corp.'s price target would suggest a potential upside of 0.15% from the stock's previous close.

Separately, analysts at FBR Capital Markets initiated coverage on shares of Coleman Cable in a research note to investors on Friday, September 27th. They set an "outperform" rating on the stock.

Coleman Cable (NASDAQ:CCIX) opened at 26.22 on Monday. Coleman Cable has a 52 week low of $9.04 and a 52 week high of $26.50. The stock's 50-day moving average is $23.85 and its 200-day moving average is $21.32. The company has a market cap of $480.2 million and a price-to-earnings ratio of 23.31.

Coleman Cable (NASDAQ:CCIX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. The company had revenue of $223.00 million for the quarter, compared to the consensus estimate of $237.20 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Coleman Cable will post $1.66 EPS for the current fiscal year.

Coleman Cable, Inc (NASDAQ:CCIX) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada.


2013/12/26 15:52:20 Source：north forkvue

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