CommScope (NASDAQ:COMM) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

CommScope Holding Company, Inc. (NASDAQ:COMM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.07 and traded as high as $5.19. CommScope shares last traded at $5.08, with a volume of 1,745,968 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in 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 report on Tuesday, January 14th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.00.

CommScope Stock Down 1.6 %

The company has a 50 day moving average of $5.34 and a 200-day moving average of $5.07. The stock has a market capitalization of $1.10 billion, a P/E ratio of -1.15, a PEG ratio of 0.59 and a beta of 1.90.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in CommScope by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock worth $118,542,000 after purchasing an additional 694,363 shares during the period. Geode Capital Management LLC grew its position in shares of CommScope by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider’s stock valued at $26,715,000 after acquiring an additional 14,576 shares during the period. State Street Corp grew its holdings in CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock valued at $28,034,000 after buying an additional 387,466 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CommScope by 10.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider’s stock worth $23,035,000 after purchasing an additional 421,000 shares during the period. Finally, Two Sigma Advisers LP increased its position in CommScope by 29.3% during the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock worth $26,296,000 after purchasing an additional 975,200 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

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.