CommScope (NASDAQ:COMM) Shares Down 3.1% - Should You Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was down 3.1% during trading on Friday . The stock traded as low as $4.91 and last traded at $4.92. Approximately 514,205 shares traded hands during trading, a decline of 88% from the average daily volume of 4,172,819 shares. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

COMM has been the subject of several analyst reports. Northland Securities boosted their price objective on CommScope from $1.25 to $2.00 and gave the company a "market perform" rating in a report on Monday, August 12th. StockNews.com raised shares of CommScope from a "sell" rating to a "hold" rating in a research note on Thursday, August 15th. Finally, Morgan Stanley lifted their price target on CommScope from $2.70 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $2.50.

CommScope Price Performance

The firm has a market cap of $1.03 billion, a PE ratio of -1.08 and a beta of 2.09. The business's 50 day moving average price is $5.70 and its 200 day moving average price is $3.61.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.38). CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $0.10 EPS. CommScope's revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that CommScope Holding Company, Inc. will post -0.77 earnings per share for the current year.

Institutional Trading of CommScope

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of CommScope by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,111,866 shares of the communications equipment provider's stock worth $31,239,000 after purchasing an additional 155,166 shares during the last quarter. Millennium Management LLC boosted its stake in CommScope by 19.9% during the second quarter. Millennium Management LLC now owns 5,074,507 shares of the communications equipment provider's stock worth $6,242,000 after buying an additional 840,742 shares during the last quarter. State Street Corp grew its holdings in CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider's stock valued at $28,034,000 after buying an additional 387,466 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of CommScope by 29.3% in the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider's stock worth $26,296,000 after acquiring an additional 975,200 shares during the last quarter. Finally, Monarch Alternative Capital LP purchased a new position in shares of CommScope during the 3rd quarter worth $16,623,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

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.