CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $4.75 Average Target Price from Analysts

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been assigned a consensus rating of “Reduce” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $4.75.

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

Institutional Trading of CommScope

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in CommScope in the 4th quarter worth about $27,000. National Bank of Canada FI raised its stake in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares in the last quarter. Sterling Capital Management LLC raised its stake in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 6,030 shares in the last quarter. Quarry LP raised its stake in CommScope by 1,005.4% in the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

CommScope Price Performance

Shares of COMM opened at $5.53 on Monday. The firm has a 50-day moving average of $5.27 and a 200-day moving average of $5.42. CommScope has a one year low of $0.86 and a one year high of $7.19. The company has a market cap of $1.20 billion, a PE ratio of -1.25, a price-to-earnings-growth 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.