ZTE CORP/ADR (ZTCOY) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) from a hold rating to a buy rating in a research report sent to investors on Monday, ValuEngine reports.

Several other research firms also recently issued reports on ZTCOY. Zacks Investment Research upgraded shares of ZTE CORP/ADR from a hold rating to a buy rating and set a $7.25 price objective for the company in a research note on Saturday. Jefferies Financial Group downgraded shares of ZTE CORP/ADR from a buy rating to a hold rating in a research note on Monday, March 11th.

ZTE CORP/ADR stock opened at $6.10 on Monday. ZTE CORP/ADR has a 1 year low of $2.55 and a 1 year high of $6.71. The company has a market capitalization of $12.79 billion, a P/E ratio of 19.06 and a beta of 1.53.

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

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