CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $4.75 Consensus Target Price from Analysts

CommScope Holding Company, Inc. (NASDAQ:COMM) has been assigned an average rating of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.75.

Several research analysts have weighed in on COMM shares. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. 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. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th.

CommScope Stock Performance

COMM opened at $3.33 on Friday. CommScope has a twelve month low of $0.86 and a twelve month high of $7.19. The firm has a market cap of $721.15 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98. The firm’s fifty day moving average is $4.92 and its two-hundred day moving average is $5.28.

Institutional Trading of CommScope

A number of institutional investors have recently made changes to their positions in COMM. National Bank of Canada FI increased its stake in CommScope by 109.1% in 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 last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $52,000 after acquiring an additional 4,026 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of CommScope by 25.6% in the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider’s stock valued at $115,000 after acquiring an additional 4,500 shares during the last quarter. Diversified Trust Co boosted its position in CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider’s stock valued at $252,000 after purchasing an additional 4,827 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in CommScope in the fourth quarter valued at approximately $27,000. 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.