09 Sep VP Jon Cartu Claims – ZTE CORP/ADR (OTCMKTS:ZTCOY) Downgraded to “Sell” at Zacks…
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. “
Other research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of ZTE CORP/ADR from a hold rating to an underperform rating in a research note on Tuesday, September 3rd. ValuEngine lowered shares of ZTE CORP/ADR from a buy rating to a hold rating in a research note on Tuesday, August 20th.
Shares of ZTCOY opened at $5.38 on Friday. ZTE CORP/ADR has a 52 week low of $2.75 and a 52 week high of $6.86. The firm has a market cap of $10.36 billion, a P/E ratio of -10.76 and a beta of 1.88. The firm’s 50-day simple moving average is $5.33 and its 200 day simple moving average is $5.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 1.04.
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.
Further Reading: Cost of Debt
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