Somewhat Favorable Press Coverage Somewhat Unlikely to Affect UTStarcom (UTSI) Share Price

Headlines about UTStarcom (NASDAQ:UTSI) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. UTStarcom earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 45.6354423681143 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of UTStarcom (NASDAQ UTSI) opened at $6.10 on Monday. The company has a market capitalization of $217.30 and a P/E ratio of 306.50. UTStarcom has a 1-year low of $1.66 and a 1-year high of $6.51.

UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings data on Monday, November 20th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $26.03 million for the quarter. During the same quarter last year, the business earned ($0.04) earnings per share.

A number of brokerages recently commented on UTSI. Northland Securities set a $5.00 price target on UTStarcom and gave the stock a “buy” rating in a research report on Saturday, November 25th. Zacks Investment Research upgraded UTStarcom from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded UTStarcom from a “sell” rating to a “hold” rating in a research report on Friday, September 15th.

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About UTStarcom

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

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