Zacks Investment Research lowered shares of ZTE (OTCMKTS:ZTCOY) from a hold rating to a sell rating in a research note released on Tuesday.
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. “
Separately, ValuEngine cut ZTE from a buy rating to a hold rating in a report on Wednesday, March 7th.
ZTE (OTCMKTS:ZTCOY) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter. ZTE had a return on equity of 10.57% and a net margin of 4.18%. The business had revenue of $4.87 billion for the quarter. analysts predict that ZTE will post 0.39 earnings per share for the current year.
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ZTE 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.
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