ZTE CORP/ADR (ZTCOY) Stock Rating Upgraded by ValuEngine

ZTE CORP/ADR (OTCMKTS:ZTCOY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, ValuEngine reports.

Several other analysts also recently issued reports on the company. Jefferies Financial Group upgraded ZTE CORP/ADR from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded ZTE CORP/ADR from a “hold” rating to a “sell” rating and set a $4.25 price objective on the stock. in a research report on Sunday, January 6th.

ZTCOY traded down $0.13 during trading on Monday, reaching $6.10. 12,075 shares of the stock were exchanged, compared to its average volume of 27,482. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 19.06 and a beta of 1.53. ZTE CORP/ADR has a 1 year low of $2.55 and a 1 year high of $6.71.

About ZTE CORP/ADR

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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