Morningstar Investment Services LLC has initiated a position in
TE Connectivity Ltd. (NYSE:TEL), amidst the stock outperforming competitors despite recent losses on the day. This is in accordance with the initiation of coverage by
StockNews.com. Notable Q2 2024 earnings call transcript points to an optimistic forecast. Various investment companies including
Cibc World Markets Corp and
First Trust Advisors LP have invested heavily. On a related note, insider
Shadrak W. Kroeger recently sold his 5000 shares.
TE Connectivity announced higher dividends than previous year, but sales have reportedly fallen year-on-year. The company recently hinted at the potential $2 billion sale of its Medical Unit. In a major strategic move, it plans a shift in its place of incorporation from Switzerland to Ireland. Q1 earnings have been better than estimates, potentially due to strong fundamentals. Recent analysis indicates the company's five-year earnings growth does not match the shareholder returns. It has been indeed upgraded to
'Buy' after beating Q2 earnings estimates. Still, insiders sold shares of worth US$6.1m, indicating some hesitancy. TE Connectivity plans to report second quarter financial results on April 24, 2024.
Te Connectivity Ltd TEL News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 11:37:14 GMT -
Rating +7
- Innovation +8
- Information +8
- Rumor -9
