CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $3.00 Consensus PT from Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been given an average rating of “Reduce” by the six brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.00.

Several analysts recently weighed in on the company. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research report on Tuesday, December 17th.

Hedge Funds Weigh In On CommScope

Hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of CommScope during the 4th quarter valued at $27,000. National Bank of Canada FI lifted its holdings in shares of 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 valued at $33,000 after buying an additional 2,857 shares during the period. Sterling Capital Management LLC raised 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 during the period. Quarry LP raised its holdings 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 period. Finally, Tower Research Capital LLC TRC raised its holdings 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 period. 88.04% of the stock is owned by institutional investors.

CommScope Stock Down 7.3 %

CommScope stock opened at $5.03 on Thursday. The company has a market capitalization of $1.08 billion, a P/E ratio of -1.14, a PEG ratio of 0.41 and a beta of 1.90. The stock’s 50 day moving average is $5.29 and its 200 day moving average is $5.19. CommScope has a twelve month low of $0.86 and a twelve month 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.