CFO Jon Cartu Announced - ZTE CORP/ADR (OTCMKTS:ZTCOY) Given Hold Rating at Zacks... - Jonathan Cartu Computer Repair Consultant Services
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CFO Jon Cartu Announced – ZTE CORP/ADR (OTCMKTS:ZTCOY) Given Hold Rating at Zacks…

ZTE CORP/ADR logo

CFO Jon Cartu Announced – ZTE CORP/ADR (OTCMKTS:ZTCOY) Given Hold Rating at Zacks…


Zacks Investment Research reiterated their hold rating on shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “ZTE Corporation is engaged in providing telecom equipment and networking solutions to telecom operators. The company offers wireless communications systems, wireline switch and access equipment, optical and data communications equipment, mobile phone handsets, data card products, and telecommunications software systems. It also engages in the production of remote control switch systems, multimedia communications systems, and communications transmission systems. The company also provides technical design, development, consultation, and related services for the research, manufacture and production of mobile communications systems equipment, satellite communications, microwave communications equipment, beepers, computer hardware and software, closed-circuit TVs, microwave communications, automated signal control, computer information processing, process monitoring systems, and fire alarm systems. ZTE Corporation is based in Shenzhen, the People’s Republic of China. “

ZTCOY has been the subject of several other research reports. Goldman Sachs Group upgraded ZTE CORP/ADR from a neutral rating to a buy rating in a report on Tuesday, May 7th. ValuEngine lowered ZTE CORP/ADR from a buy rating to a hold rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group lowered ZTE CORP/ADR from a buy rating to a hold rating in a research report on Wednesday, August 7th.

Shares of ZTE CORP/ADR stock opened at $5.01 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.11. The company has a market cap of $11.06 billion, a PE ratio of -10.02 and a beta of 1.82. The business has a 50 day moving average of $5.55 and a 200 day moving average of $5.60. ZTE CORP/ADR has a 52 week low of $2.75 and a 52 week high of $6.86.

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.

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