Media stories about TE Connectivity (NYSE:TEL) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TE Connectivity earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 47.139826058964 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
NYSE TEL traded up $1.23 on Tuesday, reaching $100.85. The stock had a trading volume of 2,082,944 shares, compared to its average volume of 1,768,243. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 1.03. TE Connectivity has a 1 year low of $72.44 and a 1 year high of $108.23. The company has a market capitalization of $34,899.38, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. equities analysts anticipate that TE Connectivity will post 5.49 EPS for the current year.
A number of research analysts have recently weighed in on TEL shares. Wells Fargo lifted their price target on TE Connectivity from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Monday, January 15th. SunTrust Banks reiterated a “hold” rating and set a $102.00 price target on shares of TE Connectivity in a report on Thursday, January 25th. ValuEngine upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Citigroup boosted their target price on TE Connectivity from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. TE Connectivity presently has an average rating of “Buy” and an average price target of $137.17.
In other news, SVP Robert J. Ott sold 10,700 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $105.14, for a total transaction of $1,124,998.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Lynch sold 76,183 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $101.48, for a total value of $7,731,050.84. Following the sale, the insider now owns 254,715 shares of the company’s stock, valued at approximately $25,848,478.20. The disclosure for this sale can be found here. Insiders sold 352,750 shares of company stock worth $36,475,611 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.
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TE Connectivity Company Profile
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.
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