CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Recommendation of “Reduce” by Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has received an average rating of “Reduce” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $4.75.

COMM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research report on Tuesday, January 14th. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Raymond James downgraded shares of 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 on the stock. in a report on Tuesday, December 17th.

Institutional Trading of CommScope

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of CommScope by 3.1% in the 4th 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. Deutsche Bank AG lifted its stake in shares of CommScope by 182.2% in the 4th quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider’s stock worth $48,396,000 after purchasing an additional 5,996,931 shares during the period. Geode Capital Management LLC lifted its stake 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 worth $26,715,000 after purchasing an additional 14,576 shares during the period. State Street Corp lifted its stake in shares of CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock worth $28,034,000 after purchasing an additional 387,466 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of CommScope by 10.5% in the 4th 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. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Performance

Shares of COMM stock opened at $5.07 on Monday. CommScope has a one year low of $0.86 and a one year high of $7.19. The company’s 50-day moving average is $5.26 and its 200 day moving average is $5.41. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -1.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.

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.