TE Connectivity Reaches 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 Wednesday as it is currently trading at $45.24, above its previous 52-week high of $45.23 with 426,437 shares traded as of 12:50 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

TE Connectivity has a market cap of $18.42 billion and is part of the technology sector and electronics industry. Shares are up 21% year to date as of the close of trading on Tuesday.

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 15.6, 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 solid stock price performance, revenue growth, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full TE Connectivity Ratings Report.

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