TE Connectivity (TEL) Receiving Somewhat Favorable News Coverage, Analysis Shows
Press coverage about TE Connectivity (NYSE:TEL) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TE Connectivity earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the electronics maker an impact score of 46.0929158953834 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- TE Connectivity Ltd. – Value Analysis (NYSE:TEL) : September 14, 2017 (finance.yahoo.com)
- TE Connectivity Ltd. (TEL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- TE Connectivity Ltd. (TEL) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Stocks With Rising Relative Strength: TE Connectivity (finance.yahoo.com)
- TE Connectivity Ltd. breached its 50 day moving average in a Bullish Manner : TEL-US : September 12, 2017 (finance.yahoo.com)
Shares of TE Connectivity (TEL) traded up 1.07% during trading on Friday, hitting $82.15. 1,633,504 shares of the stock were exchanged. TE Connectivity has a 52 week low of $60.59 and a 52 week high of $85.20. The firm has a market capitalization of $29.03 billion, a P/E ratio of 17.44 and a beta of 1.05. The firm has a 50 day moving average price of $79.62 and a 200 day moving average price of $77.57.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.07. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Analysts forecast that TE Connectivity will post $4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
Several analysts have weighed in on TEL shares. BidaskClub cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, June 22nd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $95.00 price objective on shares of TE Connectivity in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.43.
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In related news, COO Joseph B. Donahue sold 6,300 shares of TE Connectivity stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.70, for a total transaction of $508,410.00. Following the sale, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at approximately $2,792,946.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph B. Donahue sold 52,575 shares of TE Connectivity stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $80.03, for a total transaction of $4,207,577.25. Following the sale, the chief operating officer now directly owns 93,484 shares in the company, valued at $7,481,524.52. The disclosure for this sale can be found here. Insiders have sold a total of 749,165 shares of company stock worth $59,522,187 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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