UTStarcom (NASDAQ:UTSI) Coverage Initiated by Analysts at StockNews.com

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

UTStarcom Stock Down 7.1 %

Shares of NASDAQ UTSI opened at $2.88 on Tuesday. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.79. The business has a fifty day simple moving average of $2.77 and a 200-day simple moving average of $2.72.

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.