CommScope Target of Unusually Large Options Trading (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the target of unusually large options trading on Wednesday. Traders acquired 35,994 put options on the company. This is an increase of 1,202% compared to the typical daily volume of 2,765 put options.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COMM. JPMorgan Chase & Co. raised 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. Morgan Stanley downgraded CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective for the company. in a research note on Tuesday, December 17th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday. Finally, StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.00.

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Institutional Trading of CommScope

A number of institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI grew its holdings 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 purchasing an additional 2,857 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 period. Bayesian Capital Management LP grew its holdings in CommScope by 25.6% during the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock valued at $115,000 after purchasing an additional 4,500 shares during the period. Diversified Trust Co grew its holdings in CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after purchasing an additional 4,827 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in CommScope during the fourth quarter valued at $27,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Trading Up 1.0 %

Shares of COMM traded up $0.06 on Friday, reaching $6.35. 5,227,970 shares of the company's stock traded hands, compared to its average volume of 4,561,674. The stock has a market cap of $1.37 billion, a PE ratio of -1.44, a PEG ratio of 0.41 and a beta of 1.90. The stock's 50 day simple moving average is $5.29 and its two-hundred day simple moving average is $5.32. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19.

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.