ZTE (OTCMKTS:ZTCOY) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, April 2nd.
Separately, Zacks Investment Research cut ZTE from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th.
Shares of ZTE stock traded down $1.56 during mid-day trading on Monday, reaching $4.10. 8,440 shares of the stock traded hands, compared to its average volume of 1,656. ZTE has a fifty-two week low of $3.49 and a fifty-two week high of $8.13. The stock has a market capitalization of $13,412.36, a P/E ratio of 14.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 0.88.
ZTE (OTCMKTS:ZTCOY) last announced its earnings results on Thursday, February 1st. The technology company reported $0.05 EPS for the quarter. ZTE had a return on equity of 10.57% and a net margin of 4.18%. The business had revenue of $4.87 billion during the quarter. research analysts anticipate that ZTE will post 0.39 EPS for the current fiscal year.
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ZTE Company Profile
ZTE Corporation provides telecommunications and information technology (IT) worldwide. It operates through three segments: Carriers' Networks, Consumer Business, and Government and Corporate Business. The company offers wireless products, base stations, network optimization tools, controllers, GoTa products, network management products, and infrastructure products; optical transmission products, such as WDM-OTN and MSTP; data communication products comprising Ethernet switch, IPTN, router and BMSG, and SDN and NFV products; and microwave products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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