UTStarcom Holdings Corp (UTSI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of UTStarcom Holdings Corp (NASDAQ:UTSI) from a sell rating to a hold rating in a research note released on Friday.

According to Zacks, “UTStarcom Holdings Corp. is engaged in providing interactive Protocol based network solutions. The Company also provides integration and support services in Internet Protocol TV, Interactive TV, Internet TV and Broadband for cable and telecom operators. It designs and sells IP-based telecommunications infrastructure products including its primary product suite of IPTV, and broadband solutions along with the services relating to the installation, operation and maintenance of these products. UTStarcom Holdings Corp., formerly known as UTStarcom, Inc., is headquartered in Beijing, China. “

Separately, TheStreet upgraded shares of UTStarcom Holdings Corp from a sell rating to a hold rating in a research note on Friday, September 9th.

Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) traded up 1.54% during mid-day trading on Friday, reaching $1.98. The company’s stock had a trading volume of 23,783 shares. The company’s 50-day moving average is $2.00 and its 200-day moving average is $1.99. UTStarcom Holdings Corp has a 52 week low of $1.59 and a 52 week high of $2.37.

UTStarcom Holdings Corp (NASDAQ:UTSI) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $16.40 million for the quarter, compared to analyst estimates of $20 million. UTStarcom Holdings Corp had a negative net margin of 11.85% and a negative return on equity of 13.15%. During the same quarter in the prior year, the business earned ($0.13) EPS.

COPYRIGHT VIOLATION WARNING: “UTStarcom Holdings Corp (UTSI) Upgraded to “Hold” at Zacks Investment Research” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this article can be read at https://www.com-unik.info/2017/01/09/utstarcom-holdings-corp-utsi-upgraded-to-hold-at-zacks-investment-research.html.

An institutional investor recently bought a new position in UTStarcom Holdings Corp stock. Bridgeway Capital Management Inc. purchased a new stake in UTStarcom Holdings Corp (NASDAQ:UTSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 90,200 shares of the company’s stock, valued at approximately $173,000. Bridgeway Capital Management Inc. owned 0.25% of UTStarcom Holdings Corp as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.69% of the company’s stock.

UTStarcom Holdings Corp Company Profile

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

5 Day Chart for NASDAQ:UTSI

What are top analysts saying about UTStarcom Holdings Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for UTStarcom Holdings Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit