“China TechFaith Wireless Comm Tech (CNTF) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and poor profit margins.,” TheStreet’s analyst wrote.
TheStreet has also taken action a number of other stocks recently. The firm upgraded shares of Ensco Plc from a hold rating to a buy rating. Also, TheStreet upgraded shares of Coca-Cola FEMSA, S.A.B. de C.V. (ADR) from a hold rating to a buy rating. Finally, TheStreet upgraded shares of Agnico Eagle Mines Ltd to a hold rating.
Shares of China TechFaith (NASDAQ:CNTF) opened at 1.46 on Monday. China TechFaith has a 1-year low of $0.99 and a 1-year high of $3.01. The stock has a 50-day moving average of $1.69 and a 200-day moving average of $1.79. The company’s market cap is $77.3 million.
China TechFaith (NASDAQ:CNTF) last released its earnings data on Tuesday, May 20th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $26.20 million for the quarter, compared to the consensus estimate of $31.20 million. During the same quarter last year, the company posted $0.07 earnings per share.
China Techfaith Wireless Communication Technology Limited (NASDAQ:CNTF), is a holding company.
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