CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Consensus Rating of “Hold” from Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMMGet Rating) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.44.

Several research firms have recently issued reports on COMM. Morgan Stanley upped their price objective on CommScope from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 11th. Credit Suisse Group raised shares of CommScope from a “neutral” rating to an “outperform” rating and increased their target price for the company from $11.00 to $17.00 in a research report on Tuesday, October 4th. TheStreet raised shares of CommScope from a “d+” rating to a “c-” rating in a research report on Wednesday, October 19th. Citigroup increased their target price on shares of CommScope from $6.00 to $7.00 and gave the company a “sell” rating in a research report on Friday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 5th.

Hedge Funds Weigh In On CommScope

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in shares of CommScope by 2,089.9% during the 3rd quarter. Lazard Asset Management LLC now owns 3,460 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 3,302 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of CommScope in the 2nd quarter worth $38,000. US Bancorp DE lifted its holdings in shares of CommScope by 27.3% in the 2nd quarter. US Bancorp DE now owns 6,353 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,364 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of CommScope by 124.4% in the 2nd quarter. Captrust Financial Advisors now owns 6,356 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of CommScope in the 1st quarter worth $51,000. 90.79% of the stock is currently owned by institutional investors.

CommScope Price Performance

CommScope stock opened at $9.15 on Friday. The business has a 50 day moving average of $10.74 and a 200-day moving average of $9.26. CommScope has a 1 year low of $5.56 and a 1 year high of $13.73. The company has a market capitalization of $1.91 billion, a P/E ratio of -5.83, a P/E/G ratio of 0.26 and a beta of 1.89.

About CommScope

(Get Rating)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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Analyst Recommendations for CommScope (NASDAQ:COMM)

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