Brokerages Set CommScope Holding Company, Inc. (NASDAQ:COMM) Price Target at $4.75

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has been given a consensus recommendation of "Reduce" by the five analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.75.

A number of equities analysts have recently commented on COMM shares. StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Raymond James cut shares of CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Morgan Stanley downgraded shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a research note on Tuesday, December 17th. 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 research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 price target on shares of CommScope in a report on Thursday, February 27th.

Institutional Trading of CommScope

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock worth $5,500,000 after purchasing an additional 542,794 shares during the period. State Street Corp lifted its position 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 worth $28,034,000 after buying an additional 387,466 shares during the last quarter. SG Americas Securities LLC raised its stake in CommScope by 130.6% during the fourth quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock worth $238,000 after acquiring an additional 25,855 shares in the last quarter. Swiss National Bank acquired a new stake in shares of CommScope in the 4th quarter valued at approximately $2,212,000. Finally, Franklin Resources Inc. bought a new stake in CommScope during the 3rd quarter worth $755,000. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Trading Down 2.6 %

Shares of NASDAQ COMM traded down $0.10 during midday trading on Friday, reaching $3.55. The company's stock had a trading volume of 257,276 shares, compared to its average volume of 4,860,831. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The stock has a 50 day simple moving average of $4.99 and a 200-day simple moving average of $5.31. The stock has a market capitalization of $767.71 million, a price-to-earnings ratio of -0.80, a PEG ratio of 0.41 and a beta of 1.98.

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.