CommScope (NASDAQ:COMM) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.07 and traded as high as $5.19. CommScope shares last traded at $5.08, with a volume of 1,745,968 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley cut shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a report on Tuesday, December 17th. Raymond James cut shares of CommScope from a "market perform" rating to an "underperform" rating in a 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 objective for the company in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $3.00.

CommScope Stock Up 3.4 %

The stock's 50 day moving average price is $5.33 and its 200-day moving average price is $5.14. The stock has a market capitalization of $1.13 billion, a PE ratio of -1.19, a PEG ratio of 0.59 and a beta of 1.90.

Hedge Funds Weigh In On CommScope

Several institutional investors have recently bought and sold shares of COMM. Aster Capital Management DIFC Ltd purchased a new position in CommScope during the fourth quarter valued at $27,000. National Bank of Canada FI grew its stake in CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock valued at $33,000 after acquiring an additional 2,857 shares in the last quarter. Sterling Capital Management LLC grew its stake in CommScope by 826.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after acquiring an additional 6,030 shares in the last quarter. Quarry LP grew its stake in CommScope by 1,005.4% during the third 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in 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 valued at $52,000 after purchasing an additional 4,026 shares during the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

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.