ZTE CORP/ADR (ZTCOY) Downgraded by Zacks Investment Research to “Sell”
Zacks Investment Research cut shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) from a hold rating to a sell rating in a research report released on Wednesday.
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. “
Separately, ValuEngine upgraded shares of ZTE CORP/ADR from a hold rating to a buy rating in a report on Tuesday, September 11th.
ZTE CORP/ADR (OTCMKTS:ZTCOY) last released its quarterly earnings data on Thursday, August 30th. The technology company reported ($0.18) EPS for the quarter. ZTE CORP/ADR had a net margin of 1.54% and a return on equity of 3.67%. The business had revenue of $1.87 billion for the quarter. As a group, analysts anticipate that ZTE CORP/ADR will post -0.39 EPS for the current year.
ZTE CORP/ADR 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.
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