TE Connectivity Reaches New 52-Week High (TEL)

NEW YORK ( TheStreet) -- TE Connectivity (NYSE: TEL) hit a new 52-week high Monday as it is currently trading at $47.02, above its previous 52-week high of $46.89 with 48,847 shares traded as of 9:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

TE Connectivity has a market cap of $19.22 billion and is part of the technology sector and electronics industry. Shares are up 25.8% year to date as of the close of trading on Friday.

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.

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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 revenue growth, solid stock price performance, 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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