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ZTE Rises 5%+; Brokers Say 1Q Rev. In Line, But Earnings Miss
Recommend 3 Positive 5 Negative 5 |
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ZTE (00763.HK) opened 1.73% lower today but managed a rebound. It last traded at HKD25.62, up 5.69%, with a volume of 24.0334 million shares, involving HKD595 million. The company announced its results for 1Q26 last Friday (24th). In accordance with China's accounting standards, its operating revenue grew by 6.1% YoY to RMB34.989 billion. Goldman Sachs kept a Neutral rating on ZTE but cut its target price by 7% to HKD37.5, citing that the company's revenue was in line with expectations, but GPM was under pressure. Likewise, Citi maintained a Neutral rating on ZTE with a target price of HKD25.4, considering that 1Q26 revenue met but net profit missed expectations. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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