ZTE CORP/ADR (ZTCOY) Receiving Somewhat Negative Press Coverage, Report Finds

Media stories about ZTE CORP/ADR (OTCMKTS:ZTCOY) have trended somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ZTE CORP/ADR earned a coverage optimism score of -1.09 on their scale. InfoTrie also gave news headlines about the technology company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

Shares of OTCMKTS ZTCOY opened at $5.50 on Friday. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 52.82 and a beta of 1.53. ZTE CORP/ADR has a twelve month low of $2.55 and a twelve month high of $6.86.

A number of equities research analysts recently issued reports on ZTCOY shares. Jefferies Financial Group lowered ZTE CORP/ADR from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Zacks Investment Research raised ZTE CORP/ADR from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. ValuEngine lowered ZTE CORP/ADR from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Goldman Sachs Group raised ZTE CORP/ADR from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 7th.

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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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