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

Equities research analysts at StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Up 0.9 %

Shares of UTStarcom stock opened at $2.86 on Friday. The stock has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $2.71. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.79.

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.