CommScope (NASDAQ:COMM) Trading 5.4% Higher – Should You Buy?

CommScope Holding Company, Inc. (NASDAQ:COMM)’s stock price was up 5.4% on Tuesday . The company traded as high as $3.57 and last traded at $3.63. Approximately 139,925 shares changed hands during trading, a decline of 97% from the average daily volume of 4,852,791 shares. The stock had previously closed at $3.44.

Analyst Ratings Changes

COMM has been the subject of several recent research reports. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Morgan Stanley downgraded 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. 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 report on Tuesday, January 14th. Finally, Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.75.

CommScope Stock Up 4.7 %

The company has a market cap of $779.62 million, a PE ratio of -0.81, a P/E/G ratio of 0.41 and a beta of 1.98. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $5.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in CommScope during the fourth quarter valued at approximately $27,000. National Bank of Canada FI raised its position in shares of CommScope by 109.1% during 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC grew its position in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter. Finally, Sciencast Management LP bought a new position in CommScope in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

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.