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 $3.50 for the company and are predicting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given UTStarcom Holdings Corp. an industry rank of 50 out of 265 based on the ratings given to related companies.

A number of equities analysts have issued reports on UTSI shares. Zacks Investment Research raised shares of UTStarcom Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective on the stock in a research note on Friday, August 19th. TheStreet upgraded shares of UTStarcom Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 9th.

A hedge fund recently bought a new stake in UTStarcom Holdings Corp. stock. Bridgeway Capital Management Inc. bought a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 90,200 shares of the company’s stock, valued at approximately $173,000. Bridgeway Capital Management Inc. owned about 0.25% of UTStarcom Holdings Corp. at the end of the most recent quarter. 4.69% of the stock is owned by institutional investors.

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UTStarcom Holdings Corp. (NASDAQ:UTSI) traded down 1.50% during trading on Wednesday, hitting $1.97. 16,179 shares of the stock traded hands. The company’s 50 day moving average is $2.00 and its 200 day moving average is $2.00. UTStarcom Holdings Corp. has a one year low of $1.59 and a one year high of $2.92.

UTStarcom Holdings Corp. (NASDAQ:UTSI) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. UTStarcom Holdings Corp. had a negative net margin of 11.85% and a negative return on equity of 13.15%. The firm had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $20 million. During the same period last year, the firm earned ($0.13) earnings per share. On average, analysts expect that UTStarcom Holdings Corp. will post $0.01 EPS for the current year.

About UTStarcom Holdings Corp.

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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