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

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

UTStarcom Stock Up 4.2 %

Shares of UTSI stock opened at $2.98 on Thursday. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.75. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $2.75.

UTStarcom Company Profile

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.