China TechFaith Wireless Communication Technology downgraded to “hold” (New Ratings)
China TechFaith Wireless Communication Technology downgraded to “hold” (New Ratings)
NEW YORK, August 14 (newratings.com) - Analysts at Montgomery & Co downgrade China TechFaith Wireless Communication Technology Limited (ticker: CNTF) from “buy” to “hold,” while reducing their estimates for the company. The target price is set to $11.