CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been given a consensus rating of “Reduce” by the five brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.75.

COMM has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Morgan Stanley lowered 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th.

Institutional Trading of CommScope

Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of CommScope during the fourth quarter worth approximately $27,000. National Bank of Canada FI raised its position in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the last quarter. Sterling Capital Management LLC raised its position 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 during the last quarter. Quarry LP raised its position in CommScope by 1,005.4% in the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 4,026 shares during the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

CommScope Stock Performance

NASDAQ COMM opened at $5.60 on Monday. The firm has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $5.46. CommScope has a twelve month low of $0.86 and a twelve month high of $7.19. The stock has a market cap of $1.21 billion, a PE ratio of -1.27, a PEG ratio of 0.41 and a beta of 1.89.

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.