ZTCOF - ZTE Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
2.19
+0.11 (+5.29%)
At close: 3:58PM EDT
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Previous Close2.08
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume63,701
Market Cap8.828B
Beta1.51
PE Ratio (TTM)12.81
EPS (TTM)0.17
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-06-06
1y Target EstN/A
Trade prices are not sourced from all markets
  • ZTE ban lifted as China ponders next trade war move
    Reuters Videos6 days ago

    ZTE ban lifted as China ponders next trade war move

    Hong Kong shares of ZTE Corp have surged nearly 24 percent after China's No. 2 telecommunications equipment maker cleared the last hurdle to lifting a U.S. ban on component supplies. As Thuy Ong reports, it comes as China said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests

  • Unshackled ZTE Needs Weeks to Get Business on Track, Sources Say
    Bloombergyesterday

    Unshackled ZTE Needs Weeks to Get Business on Track, Sources Say

    ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending U.S. technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from U.S. suppliers like Qualcomm Inc., the people said, asking not to be identified discussing internal matters. Washington lifted its moratorium on ZTE’s purchases of U.S. technology on the weekend, resolving a months-long moratorium that choked off crucial components the Shenzhen-based company needs to make networking gear and smartphones.

  • ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain
    Reuters2 days ago

    ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain

    Investors on Monday cheered the lifting of a U.S. supplier ban on China's ZTE Corp , pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE - imposed in relation to a U.S. sanctions case - after the Chinese company deposited $400 million in escrow as part of a settlement reached last month. The settlement also included a $1 billion penalty paid to the U.S. Treasury in June.

  • ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain
    Reuters2 days ago

    ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain

    Investors on Monday cheered the lifting of a U.S. supplier ban on China's ZTE Corp , pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE - imposed in relation to a U.S. sanctions case - after the Chinese company deposited $400 million in escrow as part of a settlement reached last month. The settlement also included a $1 billion penalty paid to the U.S. Treasury in June.

  • ZTE Surges After the U.S. Frees It to Resume Doing Business
    Bloomberg2 days ago

    ZTE Surges After the U.S. Frees It to Resume Doing Business

    ZTE Corp. climbed as much as 15 percent after the U.S. formally lifted a ban on its American technology purchases, allowing the Chinese telecoms gear-maker to resume business. Washington’s decision resolves a months-long moratorium that thrust ZTE into the center of a U.S.-China trade dispute and threatened to choke off the components it needs to make its networking gear and smartphones. The company had languished in limbo since the U.S. imposed the moratorium in April as punishment for violating Iran and North Korean export sanctions, then lying about it.

  • U.S. lifts ban on suppliers selling to China's ZTE
    Reuters4 days ago

    U.S. lifts ban on suppliers selling to China's ZTE

    The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. The settlement also included a $1 billion penalty that ZTE paid to the U.S. Treasury in June. "The department will remain vigilant as we closely monitor ZTE's actions to ensure compliance with all U.S. laws and regulations," Commerce Secretary Wilbur Ross said in a statement that described the terms of the deal as the strictest ever imposed in such a case.

  • U.S. lifts ban on suppliers selling to China's ZTE
    Reuters4 days ago

    U.S. lifts ban on suppliers selling to China's ZTE

    The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. The settlement also included a $1 billion penalty that ZTE paid to the U.S. Treasury in June. "The department will remain vigilant as we closely monitor ZTE's actions to ensure compliance with all U.S. laws and regulations," Commerce Secretary Wilbur Ross said in a statement that described the terms of the deal as the strictest ever imposed in such a case.

  • Reuters4 days ago

    Republican Senator Rubio slams lifting of U.S. ban on China's ZTE

    WASHINGTON (Reuters) - Republican U.S. Senator Marco Rubio criticized on Friday the decision by the United States to lift a ban on suppliers selling to ZTE Corp , allowing China's second-largest telecommunications ...

  • Reuters4 days ago

    Republican Senator Rubio slams lifting of U.S. ban on China's ZTE

    Republican U.S. Senator Marco Rubio criticized on Friday the decision by the United States to lift a ban on suppliers selling to ZTE Corp

  • U.S. Lifts Ban on China's ZTE After $1.4 Billion Penalty
    Bloomberg5 days ago

    U.S. Lifts Ban on China's ZTE After $1.4 Billion Penalty

    The U.S. Commerce Department has lifted the ban on American firms selling products to China’s ZTE Corp., removing the final hurdle for the company to start rebuilding its business. The ban was removed after ZTE paid the final tranche of a $1.4 billion penalty by placing $400 million in escrow at a U.S. bank, the department said in an emailed statement on Friday. Removing the ban on ZTE was a key Chinese government demand amid escalating tensions between the world’s two largest economies.

  • Reuters5 days ago

    China's ZTE sees heavy losses in first half due to U.S. penalty

    Chinese telecoms equipment group ZTE Corp said on Friday it expected to record a net loss in the first half of the year due to the hefty fine it agreed in order to lift a U.S. ban on component supplies. It estimated a preliminary net loss of 7.0-9.0 billion yuan (1.82 billion pounds)in January to June period versus a profit of 2.3 billion yuan the previous year, it said in a filing to the Hong Kong stock exchange. ZTE, which makes smartphones and networking gear, signed an agreement with the United States on Thursday that paved the way for it to resume operations after a nearly three-month ban on doing business with American suppliers.

  • China's ZTE sees heavy losses in first half due to U.S. penalty
    Reuters5 days ago

    China's ZTE sees heavy losses in first half due to U.S. penalty

    Chinese telecoms equipment group ZTE Corp said on Friday it expected to record a net loss in the first half of the year due to the hefty fine it agreed in order to lift a U.S. ban on component supplies. It estimated a preliminary net loss of 7.0-9.0 billion yuan ($1.05-1.34 billion) in January to June period versus a profit of 2.3 billion yuan the previous year, it said in a filing to the Hong Kong stock exchange. ZTE, which makes smartphones and networking gear, signed an agreement with the United States on Thursday that paved the way for it to resume operations after a nearly three-month ban on doing business with American suppliers.

  • Bloomberg5 days ago

    China's ZTE Expects Up to $1.3 Billion in First-Half Losses

    Chinese telecommunications giant ZTE Corp. said it could report a loss of as much as 9 billion yuan ($1.3 billion) for the first half of the year after sanctions imposed by the U.S. crippled its operations. Loss in the six months through June could be between 7 billion yuan and 9 billion yuan due to the suspension of major operating activities and a $1 billion penalty it agreed to pay in June, the Shenzhen-based company said in a filing to the Hong Kong stock exchange on Friday. ZTE got into trouble in 2016 for violating U.S. laws restricting the sale of American technology to Iran and North Korea, ultimately resulting in a seven-year ban by the Department of Commerce.

  • Reuters5 days ago

    U.S. senators want ban on China's ZTE, despite Trump action

    Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company. Republican Senators Marco Rubio, Tom Cotton and Roy Blunt and Democrats Chris Van Hollen, Mark Warner and Bill Nelson told leaders of the armed services committees of both the Senate and the House of Representatives that they strongly oppose the Commerce Department's deal with ZTE.

  • U.S. senators want ban on China's ZTE, despite Trump action
    Reuters6 days ago

    U.S. senators want ban on China's ZTE, despite Trump action

    Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company. Republican Senators Marco Rubio, Tom Cotton and Roy Blunt and Democrats Chris Van Hollen, Mark Warner and Bill Nelson told leaders of the armed services committees of both the Senate and the House of Representatives that they strongly oppose the Commerce Department's deal with ZTE.

  • Bloomberg6 days ago

    Ban on U.S. Exports to ZTE Should Be Kept in Bill, Senators Say

    Key senators wrote a letter aimed at pushing Congress to block President Donald Trump’s deal lifting a ban on U.S. exports to Chinese telecommunications company ZTE Corp. The House and Senate are deliberating over whether to reimpose the ban, which China has warned would put ZTE out of business, as part of the annual defense policy bill. The Senate version of the bill contains the ZTE provision while the House measure would block government procurement of ZTE products.

  • Reuters6 days ago

    ZTE shares soar after clearing last hurdle to lifting of U.S. ban

    Hong Kong shares of ZTE Corp surged nearly 24 percent on Thursday after China's No. 2 telecommunications equipment maker cleared the last hurdle to lifting a U.S. ban on component supplies. ZTE's shares ...

  • Reuters6 days ago

    ZTE shares soar after clearing last hurdle to lifting of U.S. ban

    HONG KONG (Reuters) - Hong Kong shares of ZTE Corp surged nearly 24 percent on Thursday after China's No. 2 telecommunications equipment maker cleared the last hurdle to lifting a U.S. ban on component ...

  • Reuters6 days ago

    China's ZTE clears hurdle to lifting U.S. ban

    The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits $400 million (£302.9 million) in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment.

  • The Wall Street Journal6 days ago

    [$$] ZTE Poised to Resume Business With U.S. Suppliers

    Chinese telecommunications giant ZTE Corp. was poised to resume business with its U.S. suppliers as the last major hurdle of the deal President Donald Trump made to save the firm had been cleared. The Commerce Department on Wednesday said it had reached an agreement with ZTE regarding the process by which the firm would deposit $400 million into an escrow account as part of a penalty for its violations of an earlier settlement. Once ZTE deposits the money, Commerce will allow it to resume buying from the U.S. suppliers on which its business depends, the statement indicated.

  • China's ZTE clears hurdle to lifting U.S. ban
    Reuters6 days ago

    China's ZTE clears hurdle to lifting U.S. ban

    The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits $400 million in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment.

  • China, U.S. Hint at Chance for Talks After Trump's Tariff Threat
    Bloomberg7 days ago

    China, U.S. Hint at Chance for Talks After Trump's Tariff Threat

    Chinese and U.S. officials have raised the prospect of resuming talks over trade between the two nations after President Donald Trump ratcheted up the pressure by announcing a huge new round of potential tariffs. After the U.S. unveiled a list of Chinese imports worth $200 billion that could face higher duties, China’s Vice Minister of Commerce Wang Shouwen said “when we have a trade problem, we should talk about it.” While that came amid fresh threats of retaliation from Beijing, it matches some willingness from the Trump team to resume talks at a high level, according to a person familiar with the administration’s thinking. Communications between senior members of the Trump and Xi administrations have petered out since a third round of formal negotiations ended with scant signs of agreement in early June.

  • ZTE Soars After U.S. Signs Deal to Lift Tech-Purchase Ban
    Bloomberg7 days ago

    ZTE Soars After U.S. Signs Deal to Lift Tech-Purchase Ban

    ZTE Corp.’s shares surged after it inked an agreement with the Trump administration to allow the company to resume doing business with American suppliers, meeting a key Chinese government demand amid escalating tensions between the world’s two largest economies. The Chinese telecoms gear-maker signed an escrow agreement with the Commerce Department and a ban on U.S. technology purchases will lift as soon as ZTE deposits $400 million, the department said in an emailed statement Wednesday. ZTE last month took a major step forward in meeting the White House’s conditions by sacking its entire board and appointing a new chairman.

  • U.S. Signs Deal That Will Lift Restrictions on ZTE's Business
    Bloomberg7 days ago

    U.S. Signs Deal That Will Lift Restrictions on ZTE's Business

    The Trump administration said ZTE Corp. took another step toward ending a U.S. ban on the company doing business with American suppliers, a key Chinese government demand amid an escalating trade dispute between the world’s two largest economies. The Chinese telecom giant has signed an escrow agreement with the Commerce Department and the ban will be lifted as soon as the company deposits $400 million in escrow, the department said in an emailed statement Wednesday. “Once the monitor is selected and brought on board, the three-pronged compliance regime -- the new 10-year suspended denial order, the $400 million escrow, and the monitor -- will be in place,” the Commerce Department said in the statement.

  • Reuters7 days ago

    Focus - U.S.-China trade row helped BASF land $10 billion Guangdong chemicals coup: sources

    Germany's BASF managed to wrap up a preliminary deal to build China's first wholly foreign-owned chemicals complex quite quickly, aided in part by trade tensions between Beijing and Washington, sources with knowledge of the matter said. The proposed complex, worth some $10 billion in investment to 2030, will be located in Guangdong, China's most populous province which had been worried about the impact of a U.S. decision to heavily penalise telecom firm ZTE Corp, also based there.