CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Average Recommendation of “Reduce” from Analysts

CommScope Holding Company, Inc. (NASDAQ:COMM) has earned an average rating of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.75.

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research report on Tuesday, December 17th. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research report on Tuesday, January 14th. Finally, Raymond James downgraded shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th.

Institutional Trading of CommScope

Several institutional investors and hedge funds have recently bought and sold shares of COMM. Aster Capital Management DIFC Ltd acquired a new stake in CommScope during the 4th quarter valued at approximately $27,000. National Bank of Canada FI lifted its stake in CommScope by 109.1% during the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 2,857 shares during the period. Sterling Capital Management LLC lifted its stake in CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 6,030 shares during the period. Quarry LP lifted its stake in CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after acquiring an additional 7,380 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 4,026 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.

CommScope Stock Up 2.0 %

Shares of CommScope stock opened at $5.60 on Monday. The firm’s 50 day moving average price is $5.29 and its 200-day moving average price is $5.44. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19. The company has a market cap of $1.21 billion, a P/E ratio of -1.27, a PEG ratio of 0.41 and a beta of 1.89.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.