Brokerages Set CommScope Holding Company, Inc. (NASDAQ:COMM) Target Price at $4.75

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has been given a consensus recommendation of "Reduce" by the five ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.75.

COMM has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target for the company. in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Raymond James cut shares of CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Finally, 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 report on Tuesday, January 14th.

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CommScope Price Performance

Shares of COMM traded up $0.14 during mid-day trading on Friday, reaching $3.58. The stock had a trading volume of 2,474,243 shares, compared to its average volume of 4,861,985. The business's fifty day moving average is $5.02 and its 200 day moving average is $5.33. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19. The firm has a market cap of $775.29 million, a price-to-earnings ratio of -0.81, a P/E/G ratio of 0.41 and a beta of 1.98.

Institutional Investors Weigh In On CommScope

Several large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of CommScope in the fourth quarter worth $27,000. National Bank of Canada FI raised its position 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 valued at $33,000 after purchasing an additional 2,857 shares in the last quarter. Sterling Capital Management LLC boosted its stake 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 valued at $35,000 after buying an additional 6,030 shares during the period. Tower Research Capital LLC TRC grew its position in shares of CommScope by 67.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock worth $52,000 after buying an additional 4,026 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of CommScope during the fourth quarter worth approximately $56,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

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.