Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $6.00 for the company, according to Zacks. Zacks has also given UTStarcom an industry rank of 74 out of 255 based on the ratings given to related companies.
A number of equities analysts recently weighed in on the company. TheStreet raised UTStarcom from a “d+” rating to a “c” rating in a report on Wednesday, August 8th. ValuEngine raised UTStarcom from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th.
NASDAQ UTSI opened at $3.68 on Friday. UTStarcom has a twelve month low of $2.00 and a twelve month high of $6.51.
UTStarcom (NASDAQ:UTSI) last released its quarterly earnings results on Friday, May 11th. The Wireless communications provider reported $0.11 earnings per share for the quarter. The company had revenue of $22.59 million during the quarter. UTStarcom had a return on equity of 3.16% and a net margin of 2.71%. During the same period in the previous year, the company posted $0.15 EPS.
UTStarcom Company Profile
UTStarcom Holdings Corp., together with its subsidiaries, operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications. The company offers broadband packet optical transport and wireless/fixed-line access products and solutions.
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