Zacks Investment Research downgraded TE Connectivity Ltd (NYSE:TEL) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded TE Connectivity Ltd (NYSE:TEL) to Sell in a statement released on 9/20/2016.
Previously on 5/09/2016, Goldman Sachs released a statement for TE Connectivity Ltd (NYSE:TEL) bumped down the target price from $70.00 to $66.00 that suggested an upside of 0.11%.
Just yesterday TE Connectivity Ltd (NYSE:TEL) traded 1.19% higher at $63.01. TEL’s 50-day average is $61.49 and its 200-day moving average is $60.44. With the last closing price up 4.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,884,998 shares of the stock were exchanged, up from an avg. volume of 1,622,270
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TE Connectivity Ltd has P/E ratio of 9.20 with a 52 week low of $51.70 and a one year high of $67.99 and has a total market value of $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $69.00 with three brokers rating the stock a strong buy, four analysts rating the company a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell.
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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