CommScope (NASDAQ:COMM) Shares Down 7.4% - Time to Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) shares were down 7.4% on Monday . The stock traded as low as $3.12 and last traded at $3.09. Approximately 248,015 shares were traded during trading, a decline of 95% from the average daily volume of 4,873,063 shares. The stock had previously closed at $3.33.

Analyst Upgrades and Downgrades

COMM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.75.

CommScope Stock Up 2.9 %

The stock has a market cap of $846.75 million, a P/E ratio of -0.88, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98. The firm has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $5.18.

Institutional Investors Weigh In On CommScope

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of CommScope by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock valued at $118,542,000 after purchasing an additional 694,363 shares during the last quarter. Deutsche Bank AG lifted its position in CommScope by 182.2% during the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock worth $48,396,000 after acquiring an additional 5,996,931 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CommScope by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock worth $26,715,000 after acquiring an additional 14,576 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of CommScope by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock worth $23,035,000 after acquiring an additional 421,000 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of CommScope in the fourth quarter valued at approximately $14,328,000. 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.