TE Connectivity Ltd. (TEL) : Analyst Rating Update

TE Connectivity Ltd. (TEL) : Zacks Investment Research ranks TE Connectivity Ltd. (TEL) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.92, which indicates as a Buy.

TE Connectivity Ltd. (TEL) : The most positive equity analysts on TE Connectivity Ltd. (TEL) expects the shares to touch $77, whereas, the least positive believes that the stock will trade at $64 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $68 with an expected fluctuation of $4.69 from the mean.

TE Connectivity Ltd. (NYSE:TEL): The stock opened at $55.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.72 for the day. The stock traded down to $54.78 during the day, due to lack of any buying support eventually closed down at $55.52 with a loss of -0.41% for the day. The stock had closed at $55.75 on the previous day. The total traded volume was 1,641,480 shares.

Also, Goldman Sachs downgrades its rating on TE Connectivity Ltd. (NYSE:TEL). The global brokerage major lowers the current price target from $70 per share to $66 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 9, 2016. The company shares have dropped -9.73% from its 1 Year high price. On Nov 23, 2015, the shares registered one year high at $67.99 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $59.40 and the 200 Day Moving Average price is recorded at $59.45.

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets, which include automotive, industrial equipment and consumer devices.

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