CommScope Holding Company, Inc. (NASDAQ:COMM) Given Average Rating of “Reduce” by Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have received a consensus rating of “Reduce” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.00.

COMM has been the topic of several recent analyst reports. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note 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 Investors Weigh In On 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 fourth quarter worth approximately $27,000. National Bank of Canada FI lifted its holdings in shares of CommScope by 109.1% in the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 2,857 shares during the period. Sterling Capital Management LLC boosted its stake in CommScope by 826.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. Quarry LP boosted its stake in CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 7,380 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.

CommScope Trading Up 26.2 %

NASDAQ COMM opened at $6.17 on Thursday. The company’s fifty day simple moving average is $5.26 and its 200-day simple moving average is $5.26. The stock has a market cap of $1.33 billion, a P/E ratio of -1.40, a PEG ratio of 0.41 and a beta of 1.90. CommScope has a 52 week low of $0.86 and a 52 week high of $7.19.

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.