Zacks: UTStarcom Holdings Corp (UTSI) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $5.50 for the company, according to Zacks. Zacks has also assigned UTStarcom an industry rank of 9 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research cut UTStarcom from a “hold” rating to a “sell” rating in a report on Thursday, November 29th.

NASDAQ UTSI traded up $0.11 during trading hours on Friday, reaching $3.86. The company’s stock had a trading volume of 47,456 shares, compared to its average volume of 19,690. UTStarcom has a 1 year low of $2.59 and a 1 year high of $5.49. The stock has a market cap of $137.09 million, a PE ratio of 17.55 and a beta of 0.99.

UTStarcom (NASDAQ:UTSI) last posted its quarterly earnings results on Friday, March 15th. The Wireless communications provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). UTStarcom had a return on equity of 2.79% and a net margin of 2.09%. The business had revenue of $12.73 million during the quarter, compared to analysts’ expectations of $12.50 million. As a group, sell-side analysts predict that UTStarcom will post 0.15 earnings per share for the current fiscal year.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.

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