TE Connectivity (TEL) Getting Somewhat Positive News Coverage, Analysis Finds
Media stories about TE Connectivity (NYSE:TEL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media 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 news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 46.2628287696546 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- $3.26 Billion in Sales Expected for TE Connectivity Ltd. (TEL) This Quarter (americanbankingnews.com)
- TE Connectivity Ltd (TEL) Mesa Adaptive MA Sitting Below FAMA – Evergreen Caller (evergreencaller.com)
- Placing the Spotlight on TE Connectivity Ltd (TEL): Technical Stock Update – Evergreen Caller (evergreencaller.com)
- TE Connectivity Ltd. (TEL) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- BidaskClub Lowers TE Connectivity Ltd. (TEL) to Sell (americanbankingnews.com)
A number of equities research analysts recently commented on TEL shares. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, June 16th. Deutsche Bank AG increased their price target on TE Connectivity from $75.00 to $82.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Royal Bank Of Canada increased their price target on TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, June 27th. Finally, BidaskClub lowered TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $83.43.
Shares of TE Connectivity (NYSE TEL) traded up 0.13% during midday trading on Friday, hitting $77.71. The stock had a trading volume of 1,407,046 shares. TE Connectivity has a 12 month low of $60.38 and a 12 month high of $85.20. The stock has a market cap of $27.46 billion, a PE ratio of 16.50 and a beta of 1.06. The stock’s 50-day moving average is $80.26 and its 200-day moving average is $76.97.
TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that TE Connectivity will post $4.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 23rd. TE Connectivity’s dividend payout ratio is currently 33.97%.
In other news, SVP Mario Calastri sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $80.23, for a total value of $481,380.00. Following the completion of the transaction, the senior vice president now owns 23,078 shares in the company, valued at $1,851,547.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph B. Donahue sold 6,300 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $80.70, for a total value of $508,410.00. Following the completion of the transaction, the chief operating officer now owns 34,609 shares of the company’s stock, valued at approximately $2,792,946.30. The disclosure for this sale can be found here. Insiders sold 726,407 shares of company stock valued at $57,751,239 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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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