Zte Corp. (ZTCOY) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Zte Corp. (OTCMKTS:ZTCOY) from a buy rating to a hold rating in a report issued on Friday morning.
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. “
Zte Corp. (OTCMKTS ZTCOY) opened at 6.50 on Friday. Zte Corp. has a 1-year low of $2.72 and a 1-year high of $7.76. The firm’s market cap is $13.62 billion. The firm has a 50 day moving average of $6.54 and a 200 day moving average of $5.03.
TRADEMARK VIOLATION NOTICE: “Zte Corp. (ZTCOY) Downgraded by Zacks Investment Research” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/31/zte-corp-ztcoy-downgraded-by-zacks-investment-research.html.
Zte Corp. Company Profile
ZTE Corporation provides telecommunications and information technology worldwide. It operates through three segments: Carriers Networks, Consumer Business, and Government & Corporate Business. The company offers wireless products, such as base stations, network optimization tools, controllers, GoTa products, network management products, and microwave products; optical transmission products, including WDM-OTN and NG-SDH/MSTP; and data communication products that comprise Ethernet switch, IPTN, router and BMSG, and SDN and NFV products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Zte Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zte Corp. and related stocks with our FREE daily email newsletter.