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

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

UTStarcom Stock Performance

Shares of UTSI opened at $2.67 on Wednesday. The company’s 50-day moving average price is $2.69 and its 200 day moving average price is $2.73. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.89.

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.