UTStarcom (NASDAQ:UTSI) Research Coverage Started at StockNews.com

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

UTStarcom Stock Up 5.5 %

NASDAQ:UTSI opened at $2.69 on Wednesday. UTStarcom has a one year low of $2.20 and a one year high of $4.15. The firm’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.87.

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.