ZTE CORP/ADR (ZTCOY) Stock Rating Upgraded by Goldman Sachs Group

ZTE CORP/ADR (ZTCOY) Stock Rating Upgraded by Goldman Sachs Group

Goldman Sachs Group upgraded shares of ZTE CORP/ADR (OTCMKTS:ZTCOY) from a neutral rating to a buy rating in a report issued on Tuesday, The Fly reports.

ZTCOY has been the topic of a number of other reports. Jefferies Financial Group cut ZTE CORP/ADR from a buy rating to a hold rating in a research note on Monday, March 11th. ValuEngine cut ZTE CORP/ADR from a buy rating to a hold rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research cut ZTE CORP/ADR from a buy rating to a hold rating in a research note on Friday, April 19th.

ZTE CORP/ADR stock opened at $5.65 on Tuesday. ZTE CORP/ADR has a 1-year low of $2.55 and a 1-year high of $6.86. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 59.14 and a beta of 1.53.

About ZTE CORP/ADR

ZTE Corporation provides telecommunications and information technology (IT) services worldwide. It operates through three segments: Carriers' Networks, Consumer Business, and Government and Corporate Business. The company offers wireless products, such as base stations, network optimization tools, controllers, GoTa products, network management products, and wireless infrastructure products; and bearer network products, including optical transmission, data transmission, and microwave products.

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