ZTE CORP/ADR (OTCMKTS: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 research note published on Tuesday, May 7th, The Fly reports.

A number of other brokerages also recently issued reports on ZTCOY. Zacks Investment Research downgraded ZTE CORP/ADR from a buy rating to a hold rating in a research note on Friday, April 19th. ValuEngine raised ZTE CORP/ADR from a hold rating to a buy rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group cut ZTE CORP/ADR from a buy rating to a hold rating in a report on Monday, March 11th.

ZTCOY traded up $0.11 on Tuesday, hitting $5.10. 16,108 shares of the company traded hands, compared to its average volume of 27,848. The company has a market cap of $10.06 billion, a PE ratio of 43.64 and a beta of 1.53. ZTE CORP/ADR has a 12-month low of $2.55 and a 12-month high of $6.86.

ZTE CORP/ADR Company Profile

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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