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

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

UTStarcom Stock Up 3.7 %

NASDAQ:UTSI opened at $2.79 on Thursday. UTStarcom has a 12 month low of $2.40 and a 12 month high of $4.15. The firm’s 50 day moving average is $2.69 and its 200 day moving average is $3.07.

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.