ZTE/Shs H Vtg 1.00 (OTCMKTS:ZTCOF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.77 and traded as high as $2.93. ZTE/Shs H Vtg 1.00 shares last traded at $2.90, with a volume of 11,406 shares.
A number of equities analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of ZTE/Shs H Vtg 1.00 from a “hold” rating to an “underperform” rating in a report on Wednesday, September 4th. Nomura downgraded shares of ZTE/Shs H Vtg 1.00 from a “buy” rating to a “neutral” rating in a report on Tuesday, October 29th.
The stock’s fifty day simple moving average is $2.72 and its 200-day simple moving average is $2.76.
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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