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

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

UTStarcom Stock Up 12.9 %

Shares of UTSI stock opened at $2.97 on Friday. The stock has a fifty day moving average of $2.86 and a 200 day moving average of $2.77. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.70.

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.