Tyco Rating Increased to Outperform at Macquarie (TEL)
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Tyco in a research note to investors on Tuesday, May 8th. They set a “buy” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Tyco from $41.00 to $46.00 in a research note to investors on Wednesday, April 4th. Finally, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Tyco to a “buy” rating in a research note to investors on Friday, March 30th.
Tyco opened at 32.33 on Wednesday. Tyco has a 52-week low of $26.58 and a 52-week high of $38.52. The company has a market cap of $13.823 billion and a price-to-earnings ratio of 11.69.
Tyco last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.03. Tyco’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that Tyco will post $0.83 EPS next quarter.
TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products.