CommScope (NASDAQ:COMM) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CommScope (NASDAQ:COMM - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.

COMM has been the subject of a number of other 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 research report on Tuesday, December 17th. Raymond James cut CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 target price on shares of CommScope in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, CommScope presently has an average rating of "Hold" and a consensus target price of $4.00.

CommScope Stock Performance

NASDAQ:COMM traded down $0.03 during mid-day trading on Friday, reaching $6.15. 6,215,540 shares of the company's stock were exchanged, compared to its average volume of 4,634,394. CommScope has a one year low of $0.86 and a one year high of $7.19. The business's fifty day simple moving average is $5.30 and its two-hundred day simple moving average is $5.34. The firm has a market capitalization of $1.33 billion, a PE ratio of -1.39, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90.

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Hedge Funds Weigh In On CommScope

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of CommScope during the fourth quarter worth $27,000. National Bank of Canada FI grew its position 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 worth $33,000 after acquiring an additional 2,857 shares during the last quarter. Sterling Capital Management LLC increased its holdings in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 6,030 shares in the last quarter. Quarry LP raised its position in CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock valued at $50,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake 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 valued at $52,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors 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.