UTStarcom (NASDAQ:UTSI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note published on Thursday. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Up 0.7 %

Shares of NASDAQ:UTSI opened at $2.86 on Thursday. The firm’s 50 day simple moving average is $2.81 and its 200-day simple moving average is $2.74. UTStarcom has a one year low of $2.20 and a one year high of $3.75.

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.