TE Connectivity (TEL) Given News Impact Rating of 0.09
Media stories about TE Connectivity (NYSE:TEL) have been trending somewhat positive on Friday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.09 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 45.9447101987328 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- TE Connectivity Ltd. (TEL) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Vanguard Group Inc Bought A Lot More TE Connectivity Ltd. New Switze (TEL) Stock In The Last Quarter (highlightpress.com)
- TE Connectivity Ltd. (TEL) Shares Bought by Cooke & Bieler LP (iphonefresh.com)
- Vanguard Group Inc Significantly Increases Its Investment in TE Connectivity Ltd. New Switze (TEL) Last Quarter – Modern Readers (modernreaders.com)
- (TEL) Shares now down at $78.75 TE Connectivity to Participate in 2017… (highlightpress.com)
A number of research firms have weighed in on TEL. BidaskClub downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Cowen and Company reaffirmed a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a research report on Thursday, August 10th. Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank Of Canada upped their price target on TE Connectivity from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.43.
TE Connectivity (TEL) traded up 0.33% during midday trading on Friday, hitting $78.49. The stock had a trading volume of 941,510 shares. The stock’s 50-day moving average is $80.21 and its 200-day moving average is $77.10. TE Connectivity has a 1-year low of $60.38 and a 1-year high of $85.20. The stock has a market capitalization of $27.74 billion, a PE ratio of 16.66 and a beta of 1.06.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that TE Connectivity will post $4.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
In related news, SVP Mario Calastri sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $80.23, for a total transaction of $481,380.00. Following the completion of the transaction, the senior vice president now owns 23,078 shares of the company’s stock, valued at approximately $1,851,547.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert J. Ott sold 31,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $79.14, for a total value of $2,484,996.00. Following the transaction, the senior vice president now directly owns 42,371 shares of the company’s stock, valued at approximately $3,353,240.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 726,407 shares of company stock valued at $57,751,239. 1.30% of the stock is owned by corporate 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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