ZTE CORP/ADR (OTCMKTS:ZTCOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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 raised shares of ZTE CORP/ADR from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th.

Shares of ZTCOY stock traded up $0.07 during trading on Friday, hitting $3.98. 5,781 shares of the stock traded hands, compared to its average volume of 16,159. The firm has a market cap of $8.80 billion, a PE ratio of 12.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 1.11. ZTE CORP/ADR has a 52-week low of $2.55 and a 52-week high of $7.99.

ZTE CORP/ADR Company Profile

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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