ZTE/Shs H Vtg 1.00 (OTCMKTS:ZTCOF) Shares Pass Below 200-Day Moving Average of $2.73

ZTE/Shs H Vtg 1.00 (OTCMKTS:ZTCOF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.73 and traded as low as $2.59. ZTE/Shs H Vtg 1.00 shares last traded at $2.59, with a volume of 700 shares.

A number of brokerages recently weighed in on ZTCOF. Jefferies Financial Group downgraded shares of ZTE/Shs H Vtg 1.00 from a “hold” rating to an “underperform” rating in a report on Wednesday, September 4th. Nomura downgraded shares of ZTE/Shs H Vtg 1.00 from a “buy” rating to a “neutral” rating in a report on Tuesday, October 29th.

The stock’s fifty day moving average is $2.75 and its two-hundred day moving average is $2.73.

About ZTE/Shs H Vtg 1.00 (OTCMKTS:ZTCOF)

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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