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

StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSIFree Report) in a report released on Wednesday morning. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Trading Down 2.8 %

UTSI opened at $2.77 on Wednesday. The firm has a 50-day moving average price of $2.80 and a 200-day moving average price of $2.74. UTStarcom has a twelve month low of $2.20 and a twelve month high of $3.75.

UTStarcom Company Profile

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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.

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