UTStarcom (NASDAQ:UTSI) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued on Monday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Down 3.7 %

UTSI opened at $2.86 on Monday. The firm’s 50-day simple moving average is $2.75 and its 200-day simple moving average is $2.71. UTStarcom has a twelve month low of $2.20 and a twelve 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.