TE Connectivity Stock Hits New 52-Week High (TEL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- TE Connectivity (NYSE: TEL) hit a new 52-week high Thursday as it is currently trading at $38.22, above its previous 52-week high of $38.20 with 358,721 shares traded as of 11:36 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

TE Connectivity has a market cap of $15.97 billion and is part of the technology sector and electronics industry. Shares are up 2.4% year to date as of the close of trading on Wednesday.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full TE Connectivity Ratings Report.

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