Media headlines about TE Connectivity (NYSE:TEL) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TE Connectivity earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 47.0121500579445 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- TE Connectivity Ltd. (TEL) Research Coverage Started at Robert W. Baird (americanbankingnews.com)
- Sprint Corporation (S) is at $6.43 per share and TE Connectivity Ltd … – Stocks Gallery (stocksgallery.com)
- Investors watching RSI reading on TE Connectivity Ltd. (TEL) – Wall Street Morning (wallstreetmorning.com)
- How TE Connectivity Ltd (TEL) Delivered A Better ROE Than Its Industry (finance.yahoo.com)
- Investors Buy Large Volume of TE Connectivity Put Options (TEL) (americanbankingnews.com)
TE Connectivity (NYSE:TEL) opened at $92.73 on Monday. The company has a market cap of $32,769.30, a P/E ratio of 19.20, a PEG ratio of 1.79 and a beta of 1.06. The company has a quick ratio of 0.92, a current ratio of 1.54 and a debt-to-equity ratio of 0.37. TE Connectivity has a 12-month low of $62.22 and a 12-month high of $93.11.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. sell-side analysts predict that TE Connectivity will post 5.27 earnings per share for the current fiscal year.
Several brokerages have weighed in on TEL. Royal Bank Of Canada dropped their price objective on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup Inc. lifted their price objective on shares of TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Morgan Stanley lifted their price objective on shares of TE Connectivity from $89.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird assumed coverage on shares of TE Connectivity in a research note on Friday. They issued an “outperform” rating and a $105.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $93.50.
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In related news, insider Thomas J. Lynch sold 130,617 shares of TE Connectivity stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the sale, the insider now directly owns 429,500 shares of the company’s stock, valued at approximately $39,209,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Lynch sold 130,616 shares of TE Connectivity stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the sale, the insider now directly owns 429,499 shares in the company, valued at $35,807,331.63. The disclosure for this sale can be found here. Insiders have sold a total of 447,266 shares of company stock worth $37,564,038 over the last ninety days. 1.30% of the stock is currently owned by insiders.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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