UTStarcom (UTSI) Getting Somewhat Favorable Press Coverage, Study Finds
News stories about UTStarcom (NASDAQ:UTSI) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UTStarcom earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 46.5240944700488 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
UTSI has been the subject of a number of recent analyst reports. ValuEngine lowered UTStarcom from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised UTStarcom from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Wednesday, October 18th. Finally, Northland Securities set a $5.00 price objective on UTStarcom and gave the stock a “buy” rating in a research note on Saturday, November 25th.
UTStarcom (NASDAQ:UTSI) opened at $5.25 on Friday. The firm has a market capitalization of $184.69 and a PE ratio of 260.50. UTStarcom has a one year low of $1.66 and a one year high of $5.62.
UTStarcom (NASDAQ:UTSI) last announced its quarterly earnings results on Monday, November 20th. The Wireless communications provider reported $0.07 EPS for the quarter. The firm had revenue of $26.03 million for the quarter. During the same period in the previous year, the firm posted ($0.04) earnings per share.
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UTStarcom Company Profile
UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.
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