TE Connectivity (NYSE:TEL) Stock Rating Lowered by Fox Advisors

TE Connectivity (NYSE:TEL) was downgraded by equities research analysts at Fox Advisors from an “overweight” rating to an “equal weight” rating in a report released on Monday, Briefing.com reports.

TEL has been the topic of a number of other research reports. HSBC lowered their price target on TE Connectivity from $234.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Sanford C. Bernstein assumed coverage on TE Connectivity in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price objective for the company. Citigroup increased their price objective on TE Connectivity from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. Finally, Wells Fargo & Company boosted their target price on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a report on Friday, September 11th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.21.

TE Connectivity Stock Down 0.1%

TEL stock opened at $212.87 on Monday. The company has a market cap of $61.63 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a fifty day moving average price of $211.03 and a 200 day moving average price of $213.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. TE Connectivity has a 12 month low of $190.27 and a 12 month high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.07. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.29 billion. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. TE Connectivity’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.44 EPS. Sell-side analysts expect that TE Connectivity will post 13.32 earnings per share for the current year.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in TEL. JNBA Financial Advisors boosted its holdings in TE Connectivity by 67.1% in the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $26,000. Center for Financial Planning Inc. lifted its holdings in shares of TE Connectivity by 113.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker’s stock valued at $27,000 after buying an additional 67 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of TE Connectivity by 56.1% in the third quarter. Bell Investment Advisors Inc now owns 128 shares of the electronics maker’s stock valued at $27,000 after buying an additional 46 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of TE Connectivity in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.