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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have earned an average rating of "Reduce" from the five analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $4.75.

Several research firms have commented on COMM. Morgan Stanley downgraded CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective for the company. in a research note on Tuesday, December 17th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised 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.

CommScope Trading Down 0.7 %

Shares of NASDAQ COMM traded down $0.04 during trading hours on Monday, reaching $5.49. The stock had a trading volume of 4,375,386 shares, compared to its average volume of 4,422,567. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -1.24, a PEG ratio of 0.41 and a beta of 1.89. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm has a 50-day moving average of $5.27 and a 200-day moving average of $5.42.

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Institutional Investors Weigh In On CommScope

Institutional investors and hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in CommScope during the 4th quarter valued at $27,000. National Bank of Canada FI grew its holdings in 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 valued at $33,000 after buying an additional 2,857 shares during the last quarter. Sterling Capital Management LLC grew its holdings in CommScope by 826.0% during 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 last quarter. Quarry LP grew its holdings in CommScope by 1,005.4% during the 3rd 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 during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after buying an additional 4,026 shares during the last quarter. 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.