In yesterday’s Wall Street session, TE Connectivity plc (NYSE:TEL) shares traded at $145.50, up 0.96% from the previous session.
TEL stock price is now -2.92% away from the 50-day moving average and -1.77% away from the 200-day moving average. The market capitalization of the company currently stands at $43.53B.
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With the price target maintained at $137, HSBC Securities recently Downgraded its rating from Hold to Reduce for TE Connectivity plc (NYSE: TEL). , while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, MERKT STEVEN T, Officer bought 53,194 shares of the company’s stock on Nov 21 ’24. The stock was bought for $7,957,174 at an average price of $149.59. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Chief Exec. Officer & Director CURTIN TERRENCE R sold 115,000 shares of the business’s stock. A total of $17,789,725 was realized by selling the stock at an average price of $154.69. This leaves the insider owning 54,969 shares of the company worth $8.0 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, TE Connectivity plc has had a low of $128.52 and a high of $159.98. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.61, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $46436622336, which is based on a 14.17 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for TEL is $149.926 and a two-hundred day moving average price translates $148.09386 for the stock.
The latest earnings results from TE Connectivity plc (NYSE: TEL) was released for 2024-09-27. The net profit margin was 20.15% and return on equity was 26.72% for TEL. The company reported revenue of $4.07 billion for the quarter, compared to $4.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.82 percent. For the current quarter, analysts expect TEL to generate $3.91B in revenue.
