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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have earned a consensus rating of "Reduce" from the six research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $3.00.

A number of brokerages have recently issued reports on COMM. Morgan Stanley lowered shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. JPMorgan Chase & Co. raised CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Raymond James cut CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th.

CommScope Stock Performance

Shares of NASDAQ COMM traded up $0.07 during mid-day trading on Friday, hitting $5.05. 4,680,473 shares of the stock were exchanged, compared to its average volume of 3,900,574. The company has a market cap of $1.09 billion, a P/E ratio of -1.14, a PEG ratio of 0.56 and a beta of 1.92. CommScope has a twelve month low of $0.86 and a twelve month high of $7.19. The stock's fifty day simple moving average is $5.33 and its two-hundred day simple moving average is $4.86.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.38). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.42 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts predict that CommScope will post -0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in CommScope in the third quarter valued at about $31,000. National Bank of Canada FI grew its position in shares of 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 worth $33,000 after buying an additional 2,857 shares during the period. Quarry LP increased its stake in shares of CommScope by 1,005.4% in 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 last quarter. Ballentine Partners LLC bought a new position in CommScope during the 4th quarter worth approximately $58,000. Finally, Belvedere Trading LLC acquired a new position in CommScope during the third quarter valued at approximately $68,000. Institutional investors and hedge funds own 88.04% of the company's stock.

About CommScope

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.