BidaskClub downgraded shares of TE Connectivity Ltd. (NYSE:TEL) from a buy rating to a hold rating in a research note published on Friday morning.

Several other research analysts also recently commented on TEL. Zacks Investment Research downgraded TE Connectivity from a buy rating to a hold rating in a research note on Tuesday, June 6th. Cowen and Company reissued an outperform rating and set a $95.00 target price (up previously from $90.00) on shares of TE Connectivity in a research note on Monday, June 5th. Finally, Royal Bank Of Canada boosted their target price on TE Connectivity from $86.00 to $87.00 and gave the stock an outperform rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $83.43.

Shares of TE Connectivity (NYSE TEL) opened at 80.90 on Friday. TE Connectivity has a one year low of $58.33 and a one year high of $85.20. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 17.18 and a beta of 1.06. The firm’s 50-day moving average is $79.98 and its 200-day moving average is $76.36.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. TE Connectivity’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Analysts expect that TE Connectivity will post $4.74 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/08/te-connectivity-ltd-nysetel-stock-rating-lowered-by-bidaskclub.html.

In other news, EVP John S. Jenkins sold 14,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $75.70, for a total transaction of $1,059,800.00. Following the sale, the executive vice president now directly owns 8,823 shares in the company, valued at $667,901.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas J. Lynch sold 186,034 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $78.65, for a total value of $14,631,574.10. Following the sale, the insider now owns 504,885 shares in the company, valued at $39,709,205.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 734,107 shares of company stock valued at $58,302,629. Insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in TE Connectivity by 1,777.1% in the first quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock valued at $1,282,551,000 after buying an additional 16,287,414 shares during the period. First Eagle Investment Management LLC boosted its stake in TE Connectivity by 112,210.6% in the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock valued at $132,549,000 after buying an additional 1,683,159 shares during the period. UBS Asset Management Americas Inc. boosted its stake in TE Connectivity by 234,499.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,616,388 shares of the electronics maker’s stock valued at $120,502,000 after buying an additional 1,615,699 shares during the period. Wedge Capital Management L L P NC purchased a new stake in TE Connectivity during the first quarter valued at $61,260,000. Finally, Vanguard Group Inc. boosted its stake in TE Connectivity by 3.6% in the first quarter. Vanguard Group Inc. now owns 22,790,216 shares of the electronics maker’s stock valued at $1,699,010,000 after buying an additional 796,516 shares during the period. Institutional investors own 90.21% of the company’s stock.

About TE Connectivity

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.

Analyst Recommendations for TE Connectivity (NYSE:TEL)

Receive News & Ratings for TE Connectivity Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.