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

Investment analysts at StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Up 0.3 %

Shares of UTSI opened at $2.90 on Monday. The company’s fifty day moving average price is $2.75 and its 200 day moving average price is $2.71. UTStarcom has a one year low of $2.20 and a one year 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.