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TE Connectivity (TEL) in Focus: Stock Moves 6.7% Higher

Zacks Equity Research

TE Connectivity Ltd. TEL was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.  This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $80.01 to $89.81 in the past one-month time frame.

The upmove came after the company reported better-than-expected fiscal second-quarter 2019 (ended Mar 29, 2019) results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TE Connectivity currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

TE Connectivity Ltd. Price

TE Connectivity Ltd. Price | TE Connectivity Ltd. Quote

Investors interested in the Electronics – Miscellaneous Components industry may consider AU Optronics Corp. AUO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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