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

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

UTStarcom Trading Up 9.6 %

Shares of UTSI opened at $2.98 on Friday. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.75. The stock has a 50 day moving average of $2.84 and a 200-day moving average of $2.76.

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.