TE Connectivity Ltd. (NYSE:TEL) has been the focus of various investment firms with several acquisitions of company shares happening recently. The company has shown promising performance over the last five years with a 72% increase for those who invested during this period. TE Connectivity's Q2 2024 earnings call transcript reveals information about its recent financial performance. The company's stock underwent some fluctuations in comparison to its competitors, but it saw a strong trading day and has set a new 52-week high of $153.35. In addition, the company also announced its intention to change its place of incorporation from Switzerland to Ireland. Various brokers have set a consensus price target for the company's stock, which is currently overperforming the technology sector. However, the company's five-year earnings growth trails shareholder returns. Despite some underperforming days, the company has been declared a strong value and momentum stock as well as a top value stock for long-term investors. Despite beating Q2 earnings estimates and reporting growth in all segments, TE Connectivity also revealed decreased sales.
Te Connectivity Ltd TEL News Analytics from Sat, 12 Aug 2023 07:00:00 GMT to Sun, 07 Jul 2024 15:26:05 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -3
