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

Analysts at StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Up 4.2 %

Shares of NASDAQ UTSI opened at $3.00 on Tuesday. UTStarcom has a fifty-two week low of $2.20 and a fifty-two week high of $3.75. The stock has a fifty day moving average of $2.77 and a 200-day moving average of $2.72.

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.