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

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report released on Friday morning. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Up 9.6 %

Shares of UTSI opened at $2.98 on Friday. UTStarcom has a 1 year low of $2.20 and a 1 year high of $3.75. The business’s 50 day simple moving average is $2.84 and its 200-day simple moving average is $2.75.

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.