ZTE CORP/ADR (OTCMKTS:ZTCOY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) from a hold rating to a sell rating in a research report report published on Sunday morning, 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 a number of other research reports. Jefferies Financial Group downgraded shares of ZTE CORP/ADR from a hold rating to an underperform rating in a report on Tuesday, September 3rd. ValuEngine cut ZTE CORP/ADR from a buy rating to a hold rating in a report on Tuesday, August 20th.

Shares of ZTE CORP/ADR stock opened at $5.86 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.04 and a quick ratio of 0.77. ZTE CORP/ADR has a 12 month low of $2.75 and a 12 month high of $6.86. The stock has a market capitalization of $12.28 billion, a P/E ratio of -11.72 and a beta of 1.88. The business has a 50 day simple moving average of $5.33 and a two-hundred day simple moving average of $5.67.

ZTE CORP/ADR Company Profile

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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