UTStarcom (NASDAQ:UTSI) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a note issued to investors on Friday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

Shares of UTSI opened at $2.65 on Friday. The firm has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.83. UTStarcom has a 12-month low of $2.20 and a 12-month high of $4.15.

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.