Fintel reports that on January 5, 2024, Citigroup initiated coverage of Tyco Electronics Group S.A. - Corporate Bond (NYBE:TEL) with a Neutral recommendation.
Analyst Price Forecast Suggests 15.67% Upside
As of December 16, 2023, the average one-year price target for Tyco Electronics Group S.A. - Corporate Bond is 153.08. The forecasts range from a low of 140.39 to a high of $183.75. The average price target represents an increase of 15.67% from its latest reported closing price of 132.35.
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The projected annual revenue for Tyco Electronics Group S.A. - Corporate Bond is 17,300MM, an increase of 7.90%. The projected annual non-GAAP EPS is 7.99.
What is the Fund Sentiment?
There are 1747 funds or institutions reporting positions in Tyco Electronics Group S.A. - Corporate Bond. This is an increase of 91 owner(s) or 5.50% in the last quarter. Average portfolio weight of all funds dedicated to TEL is 0.34%, a decrease of 6.14%. Total shares owned by institutions decreased in the last three months by 0.69% to 358,851K shares. 
The put/call ratio of TEL is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 28,033K shares representing 9.02% ownership of the company. In it's prior filing, the firm reported owning 34,252K shares, representing a decrease of 22.18%. The firm decreased its portfolio allocation in TEL by 25.71% over the last quarter.
Dodge & Cox holds 15,858K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 15,973K shares, representing a decrease of 0.73%. The firm decreased its portfolio allocation in TEL by 11.64% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,764K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,837K shares, representing a decrease of 0.75%. The firm decreased its portfolio allocation in TEL by 9.20% over the last quarter.
Price T Rowe Associates holds 8,577K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 10,688K shares, representing a decrease of 24.61%. The firm decreased its portfolio allocation in TEL by 25.62% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 8,184K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 8,186K shares, representing a decrease of 0.02%. The firm decreased its portfolio allocation in TEL by 11.46% over the last quarter.
TE Connectivity Background Information
(This description is provided by the company.)
TE Connectivity is a $12 billion global industrial technology leader creating a safer, sustainable, productive and connected future. Its broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS.
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