UTStarcom Holdings Corp (NASDAQ:UTSI) Given $4.50 Average Price Target by Brokerages

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

Analysts have set a twelve-month consensus price target of $4.50 for the company and are forecasting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also assigned UTStarcom an industry rank of 90 out of 256 based on the ratings given to its competitors.

UTSI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of UTStarcom from a “hold” rating to a “strong-buy” rating and set a $3.25 price target on the stock in a research report on Thursday. ValuEngine upgraded shares of UTStarcom from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, TheStreet raised shares of UTStarcom from a “d+” rating to a “c” rating in a report on Friday, August 16th.

UTStarcom stock traded down $0.02 during midday trading on Thursday, reaching $2.92. The stock had a trading volume of 100 shares, compared to its average volume of 13,014. UTStarcom has a twelve month low of $2.59 and a twelve month high of $4.11. The firm has a market cap of $102.57 million, a price-to-earnings ratio of 20.71 and a beta of 0.85. The firm’s fifty day simple moving average is $2.97 and its two-hundred day simple moving average is $3.34.

UTStarcom (NASDAQ:UTSI) last released its quarterly earnings results on Tuesday, August 13th. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.14. The business had revenue of $13.91 million for the quarter, compared to the consensus estimate of $15.00 million. UTStarcom had a net margin of 3.17% and a return on equity of 3.20%. During the same quarter last year, the firm earned $0.01 EPS. As a group, research analysts predict that UTStarcom will post -0.06 EPS 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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