Analyst Rating Update on TE Connectivity Ltd. (TEL)

TE Connectivity Ltd. (NYSE:TEL) : Zacks Investment Research ranks TE Connectivity Ltd. (NYSE: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. (NYSE:TEL) : The consensus price target for TE Connectivity Ltd. (NYSE:TEL) is $68 for the short term with a standard deviation of $4.69. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $77, however, the pessimist price target for the company is $64.

For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs downgrades their rating on the shares of TE Connectivity Ltd. (NYSE:TEL). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $66 per share from $70 per share. The rating by the firm was issued on May 9, 2016.

TE Connectivity Ltd. (NYSE:TEL): stock turned positive on Tuesday. Though the stock opened at $55.45, the bulls momentum made the stock top out at $55.68 level for the day. The stock recorded a low of $54.89 and closed the trading day at $55.31, in the green by 0.88%. The total traded volume for the day was 2,071,540. The stock had closed at $54.83 in the previous days trading.

In an insider trading activity, The director officer (Chairman & CEO), of Te Connectivity Ltd., Lynch Thomas J had unloaded 87,958 shares at $61.45 per share in a transaction on June 10, 2016. The total value of transaction was $5,405,019. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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