CommScope (NASDAQ:COMM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.07 and traded as low as $5.06. CommScope shares last traded at $5.08, with a volume of 1,745,968 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of 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. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.00.

CommScope Trading Down 1.6 %

The firm’s fifty day moving average is $5.34 and its 200 day moving average is $5.07. The stock has a market cap of $1.10 billion, a P/E ratio of -1.15, a P/E/G ratio of 0.59 and a beta of 1.90.

Hedge Funds Weigh In On CommScope

Several institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC lifted its holdings in CommScope by 85.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,107 shares of the communications equipment provider’s stock worth $131,000 after acquiring an additional 11,577 shares in the last quarter. Paloma Partners Management Co lifted its holdings in shares of CommScope by 269.8% in the fourth quarter. Paloma Partners Management Co now owns 129,413 shares of the communications equipment provider’s stock valued at $674,000 after purchasing an additional 94,413 shares in the last quarter. Northern Trust Corp raised its holdings in shares of CommScope by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,087,160 shares of the communications equipment provider’s stock valued at $10,874,000 after purchasing an additional 250,761 shares during the last quarter. Quarry LP boosted its position in CommScope by 577.8% during the fourth quarter. Quarry LP now owns 55,000 shares of the communications equipment provider’s stock valued at $287,000 after purchasing an additional 46,886 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its holdings in shares of CommScope by 589.2% in the 4th quarter. Boothbay Fund Management LLC now owns 81,000 shares of the communications equipment provider’s stock valued at $422,000 after purchasing an additional 69,247 shares during the period. Institutional investors own 88.04% of the company’s stock.

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.