Extremely significant positive changes in TE Connectivity Ltd (NYSE: TEL) investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Recent important positive changes in fundamentals have benefitted TE Connectivity Ltd (NYSE: TEL): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TEL is expected to continue to be a major Value Builder.
TE Connectivity has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TE Connectivity has a slightly negative Appreciation Score of 32 but a good Power Rating of 74, leading to the Neutral Value Trend Rating.
Recent Price Action
On 10/18/24, TE Connectivity Ltd (NYSE: TEL) stock rose modestly by 0.7%, closing at $148.97. Moreover, this advance was accompanied by exceptionally high trading volume at 217% of normal. The stock has performed in line with the market over the last nine months and has risen 1.8% during the last week.
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