Zacks Investment Research downgraded TE Connectivity Ltd (NYSE:TEL) to Sell in a report released today.
- Updated: September 26, 2016
Zacks Investment Research has downgraded TE Connectivity Ltd (NYSE:TEL) to Sell in a report released on Monday September 26, 2016.
Yesterday TE Connectivity Ltd (NYSE:TEL) traded -0.61% lower at $63.88. The company’s 50-day moving average is $62.08 and its 200-day moving average is $60.54. The last stock close price is up 4.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 906,235 shares of the stock were exchanged, down from an average trading volume of 1,660,450
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TE Connectivity Ltd has a 52 week low of $51.70 and a 52 week high of $67.99 with a P/E ratio of 9.27 The company’s market cap is currently $0.
Also covering TE Connectivity Ltd's target, a total of 9 analysts have released a research note on TEL. The one year target is $69.00 with three analysts rating the company a strong buy, four analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About 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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