Zacks: UTStarcom Holdings Corp (NASDAQ:UTSI) Given $3.50 Consensus Target Price by Brokerages

UTStarcom Holdings Corp (NASDAQ:UTSI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $3.50 for the company and are anticipating that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given UTStarcom an industry rank of 100 out of 255 based on the ratings given to related companies.

A number of analysts have commented on UTSI shares. Zacks Investment Research upgraded UTStarcom from a “hold” rating to a “strong-buy” rating and set a $3.25 target price on the stock in a research report on Thursday, August 22nd. TheStreet upgraded UTStarcom from a “d+” rating to a “c” rating in a research report on Friday, August 16th.

Shares of UTStarcom stock traded up $0.15 during trading on Friday, reaching $2.96. The company’s stock had a trading volume of 5,505 shares, compared to its average volume of 5,604. The business has a 50 day moving average price of $2.97 and a 200-day moving average price of $3.00. The company has a market capitalization of $105.24 million, a P/E ratio of 21.14 and a beta of 0.87. UTStarcom has a 12-month low of $2.43 and a 12-month high of $4.11.

UTStarcom (NASDAQ:UTSI) last posted its earnings results on Friday, November 8th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The firm had revenue of $13.08 million for the quarter, compared to analysts’ expectations of $15.00 million. UTStarcom had a negative return on equity of 0.94% and a negative net margin of 1.49%. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Analysts predict that UTStarcom will post 0.06 EPS for the current fiscal year.

About UTStarcom

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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