CommScope (NASDAQ:COMM) Trading 5.4% Higher - Should You Buy?

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) shot up 5.4% on Tuesday . The stock traded as high as $3.57 and last traded at $3.63. 139,925 shares were traded during mid-day trading, a decline of 97% from the average session volume of 4,852,791 shares. The stock had previously closed at $3.44.

Analyst Ratings Changes

Several research firms have recently commented on COMM. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded 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. Raymond James cut CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, CommScope has a consensus rating of "Hold" and a consensus target price of $4.75.

CommScope Stock Down 3.2 %

The stock has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $5.26. The company has a market capitalization of $721.15 million, a price-to-earnings ratio of -0.75, a P/E/G ratio of 0.41 and a beta of 1.98.

Institutional Investors Weigh In On CommScope

Several large investors have recently added to or reduced their stakes in COMM. Deutsche Bank AG increased its holdings in shares of CommScope by 182.2% in the 4th 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. LMR Partners LLP bought a new position in CommScope in the 4th quarter worth about $14,328,000. Hudson Bay Capital Management LP increased its stake in shares of CommScope by 150.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,500,558 shares of the communications equipment provider's stock valued at $13,028,000 after purchasing an additional 1,500,558 shares during the period. Sculptor Capital LP raised its holdings in shares of CommScope by 218.7% during the fourth quarter. Sculptor Capital LP now owns 1,603,000 shares of the communications equipment provider's stock valued at $8,352,000 after buying an additional 1,100,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of CommScope by 2,124.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 922,803 shares of the communications equipment provider's stock worth $4,808,000 after buying an additional 881,322 shares during the period. 88.04% of the stock is owned by institutional investors and hedge funds.

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.