CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Recommendation of "Reduce" by Analysts

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have earned a consensus recommendation of "Reduce" from the six brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.00.

Several research analysts have weighed in on COMM shares. JPMorgan Chase & Co. raised CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research report on Tuesday, January 14th. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, Morgan Stanley lowered 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.

Institutional Trading of CommScope

Several hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of CommScope in the 4th quarter worth approximately $27,000. National Bank of Canada FI lifted its position in shares of 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 acquiring an additional 2,857 shares during the period. Sterling Capital Management LLC lifted its position in shares of 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 acquiring an additional 6,030 shares during the period. Quarry LP lifted its position 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 worth $50,000 after acquiring an additional 7,380 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 4,026 shares during the period. Institutional investors own 88.04% of the company's stock.

CommScope Price Performance

CommScope stock traded down $0.37 during mid-day trading on Thursday, hitting $5.06. The company's stock had a trading volume of 1,932,626 shares, compared to its average volume of 3,886,194. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19. The firm's 50 day moving average is $5.31 and its 200 day moving average is $5.16. The company has a market cap of $1.09 billion, a PE ratio of -1.14, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90.

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.