26,429 Shares in CommScope Holding Company, Inc. (NASDAQ:COMM) Bought by Amundi

Amundi purchased a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,429 shares of the communications equipment provider’s stock, valued at approximately $137,000.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI lifted its holdings in shares of 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 worth $33,000 after purchasing an additional 2,857 shares during the period. Quarry LP lifted its holdings in shares of CommScope by 1,005.4% during the third 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. Ballentine Partners LLC acquired a new stake in shares of CommScope during the fourth quarter worth $58,000. Jones Financial Companies Lllp purchased a new position in CommScope in the fourth quarter worth $60,000. Finally, US Bancorp DE raised its position in CommScope by 527.9% in the fourth quarter. US Bancorp DE now owns 16,067 shares of the communications equipment provider’s stock worth $84,000 after acquiring an additional 13,508 shares in the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on COMM shares. StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Tuesday, January 14th. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Finally, Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, CommScope currently has a consensus rating of “Hold” and an average target price of $4.75.

CommScope Stock Up 2.0 %

Shares of COMM stock opened at $5.60 on Friday. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The stock has a market cap of $1.21 billion, a P/E ratio of -1.27, a P/E/G ratio of 0.41 and a beta of 1.89. The business has a fifty day simple moving average of $5.29 and a 200-day simple moving average of $5.44.

CommScope 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.