CommScope (NASDAQ:COMM) Stock Price Down 7.4% - Should You Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report)'s stock price fell 7.4% during trading on Monday . The stock traded as low as $3.12 and last traded at $3.09. 248,015 shares changed hands during trading, a decline of 95% from the average session volume of 4,873,063 shares. The stock had previously closed at $3.33.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.75.

CommScope Stock Up 0.6 %

The business has a 50 day moving average price of $4.76 and a 200 day moving average price of $5.19. The stock has a market cap of $827.91 million, a PE ratio of -0.87, a P/E/G ratio of 0.41 and a beta of 1.98.

Institutional Investors Weigh In On CommScope

A number of hedge funds and other institutional investors have recently made changes to their positions in COMM. Vanguard Group Inc. boosted its holdings in CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock worth $118,542,000 after buying an additional 694,363 shares in the last quarter. Deutsche Bank AG raised its position in shares of CommScope by 182.2% in the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock worth $48,396,000 after acquiring an additional 5,996,931 shares during the period. Geode Capital Management LLC boosted its stake in shares of CommScope by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock worth $26,715,000 after acquiring an additional 14,576 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of CommScope by 10.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock valued at $23,035,000 after acquiring an additional 421,000 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of CommScope in the 4th quarter valued at about $14,328,000. 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.