TE Connectivity (TEL) Gets a Hold Rating from Morgan Stanley

In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on TE Connectivity (TELResearch Report), with a price target of $167.00. The company’s shares closed last Thursday at $140.46.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 13.0% and a 57.9% success rate. Moore covers the Technology sector, focusing on stocks such as Silicon Laboratories, GlobalFoundries Inc., and NXP Semiconductors.

Currently, the analyst consensus on TE Connectivity is a Strong Buy with an average price target of $176.45, which is a 23.2% upside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $155.00 price target.

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TE Connectivity’s market cap is currently $45.88B and has a P/E ratio of 19.08.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEL in relation to earlier this year. Most recently, in November 2021, Robert Ott, the Sr VP & Corporate Controller of TEL sold 8,737 shares for a total of $1,340,693.

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Switzerland-based TE Connectivity Ltd. designs, manufactures and sells connectivity and sensor solutions. The company, which was founded in 2000, operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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