Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $5.50 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given UTStarcom an industry rank of 88 out of 257 based on the ratings given to its competitors.

A number of research firms have recently commented on UTSI. ValuEngine raised UTStarcom from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. TheStreet raised UTStarcom from a “d+” rating to a “c” rating in a report on Wednesday, August 8th.

Shares of UTStarcom stock traded up $0.02 during trading hours on Thursday, reaching $3.51. The company had a trading volume of 18,600 shares, compared to its average volume of 54,215. UTStarcom has a one year low of $3.21 and a one year high of $6.51. The firm has a market capitalization of $125.34 million, a P/E ratio of 15.95 and a beta of 0.29.

UTStarcom (NASDAQ:UTSI) last posted its quarterly earnings results on Friday, November 9th. The Wireless communications provider reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. UTStarcom had a return on equity of 2.79% and a net margin of 2.09%. The firm had revenue of $52.09 million during the quarter, compared to analyst estimates of $40.50 million. During the same period last year, the company earned ($0.04) earnings per share. On average, research analysts forecast that UTStarcom will post 0.25 earnings per share for the current year.

An institutional investor recently raised its position in UTStarcom stock. JPMorgan Chase & Co. boosted its holdings in shares of UTStarcom Holdings Corp (NASDAQ:UTSI) by 254.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,188 shares of the Wireless communications provider’s stock after buying an additional 76,267 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of UTStarcom worth $522,000 as of its most recent SEC filing. 4.42% of the stock is owned by institutional investors and hedge funds.

UTStarcom Company Profile

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.

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