TE Connectivity (TEL) Getting Somewhat Favorable News Coverage, Analysis Shows

Media headlines about TE Connectivity (NYSE:TEL) have been trending somewhat positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. TE Connectivity earned a news impact score of 1.50 on their scale. InfoTrie also assigned media coverage about the electronics maker an news buzz score of 8 out of 10, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have effected TE Connectivity’s analysis:

TEL stock opened at $74.96 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.41 and a quick ratio of 0.98. TE Connectivity has a one year low of $73.26 and a one year high of $108.23. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.19 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.65 billion. TE Connectivity had a net margin of 17.69% and a return on equity of 20.06%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. As a group, equities research analysts forecast that TE Connectivity will post 5.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be issued a $0.44 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.35%. TE Connectivity’s payout ratio is 31.37%.

Several equities analysts recently commented on the stock. Macquarie assumed coverage on shares of TE Connectivity in a research note on Monday, October 8th. They set an “outperform” rating for the company. Royal Bank of Canada set a $114.00 price objective on shares of TE Connectivity and gave the company a “buy” rating in a research note on Tuesday, September 25th. Morgan Stanley reduced their price objective on shares of TE Connectivity from $116.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, September 17th. ValuEngine cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $108.00.

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About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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