TE Connectivity Ltd (NYSE:TEL) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Zacks Investment Research has upgraded TE Connectivity Ltd (NYSE:TEL) to Hold in a statement released on 10/12/2016.
Displaying a price of $62.35, TE Connectivity Ltd (NYSE:TEL) traded -0.89% lower on the day. With the last stock price close up 2.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $63.19 and a 200-day moving average of $60.85. 904,349 shares of the stock traded hands, down from an average trading volume of 1,481,060
TE Connectivity Ltd has a price-earnings ratio of 9.08 with a one year low of $51.70 and a one year high of $67.99 TE Connectivity Ltd’s market capitalization is presently $0.
Also covering TE Connectivity Ltd's price target, a total of 9 equity analysts have released a research note on TEL. The average stock price target is $69.00 with three analysts rating the company a strong buy, 4 brokers rating the stock a buy, four equity analysts rating the company a hold, 0 analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.
General Company Details For TE Connectivity Ltd (NYSE:TEL)
TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company's segments manufacture and distribute its products and solutions to a range of end markets. The Transportation Solutions segment offers connectivity and sensor technologies. Its products are used in the automotive, commercial transportation and sensors markets. The Industrial Solutions segment is a supplier of products that connect and distribute power, data and signals. Its products are used in the industrial equipment; aerospace, defense, oil and gas, and energy markets. The Communications Solutions segment is a supplier of electronic components for the data and devices and appliances markets. It is engaged in developing, manufacturing, installing and maintaining subsea fiber optic communications systems.
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