StockNews.com Initiates Coverage on UTStarcom (NASDAQ:UTSI)

Investment analysts at StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued on Sunday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

Shares of UTSI opened at $2.63 on Friday. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $2.77. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.70.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.