CommScope (NASDAQ:COMM) Stock Rating Upgraded by StockNews.com

CommScope (NASDAQ:COMM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other analysts have also 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 price target on shares of CommScope in a report on Thursday. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, CommScope presently has a consensus rating of “Hold” and an average target price of $4.00.

CommScope Stock Up 1.0 %

NASDAQ:COMM opened at $6.35 on Friday. The stock’s fifty day moving average is $5.29 and its two-hundred day moving average is $5.31. CommScope has a 52 week low of $0.86 and a 52 week high of $7.19. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -1.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in CommScope by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock valued at $118,542,000 after acquiring an additional 694,363 shares during the last quarter. Deutsche Bank AG grew its stake in shares of CommScope by 182.2% during the 4th quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider’s stock valued at $48,396,000 after buying an additional 5,996,931 shares during the period. Geode Capital Management LLC grew its stake in shares of CommScope by 0.3% during 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 buying an additional 14,576 shares during the period. State Street Corp grew its stake in shares of CommScope by 9.2% during 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 during the period. Finally, Renaissance Technologies LLC grew its stake in shares of CommScope by 10.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider’s stock valued at $23,035,000 after buying an additional 421,000 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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.