ZTE CORP/ADR (OTCMKTS:ZTCOY) Rating Lowered to Hold at ValuEngine

Share on StockTwits

ValuEngine cut shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) from a buy rating to a hold rating in a report published on Tuesday morning, ValuEngine reports.

Several other brokerages also recently issued reports on ZTCOY. Goldman Sachs Group raised ZTE CORP/ADR from a neutral rating to a buy rating in a report on Tuesday, May 7th. Jefferies Financial Group downgraded ZTE CORP/ADR from a buy rating to a hold rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded ZTE CORP/ADR from a hold rating to a sell rating in a report on Saturday, August 10th.

Shares of ZTE CORP/ADR stock opened at $5.22 on Tuesday. The business has a fifty day simple moving average of $5.56 and a two-hundred day simple moving average of $5.60. ZTE CORP/ADR has a 1 year low of $2.75 and a 1 year high of $6.86. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of -10.44 and a beta of 1.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.04 and a quick ratio of 0.77.

About ZTE CORP/ADR

ZTE Corporation provides telecommunications and information technology (IT) services worldwide. It operates through three segments: Carriers' Networks, Consumer Business, and Government and Corporate Business. The company offers wireless products, such as base stations, network optimization tools, controllers, GoTa products, network management products, and wireless infrastructure products; and bearer network products, including optical transmission, data transmission, and microwave products.

Read More: The role of implied volatility with call option volume

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ZTE CORP/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTE CORP/ADR and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply