CommScope Holding Company, Inc. (NASDAQ:COMM) Given Average Rating of “Hold” by Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.40.

COMM has been the subject of several research analyst reports. Bank of America lifted their price objective on CommScope from $20.00 to $23.50 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Northland Securities set a $25.00 target price on CommScope in a research report on Friday, October 31st. Finally, Zacks Research cut CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th.

CommScope Stock Performance

Shares of NASDAQ COMM traded up $0.37 during midday trading on Thursday, hitting $19.41. 5,104,062 shares of the company traded hands, compared to its average volume of 2,953,143. CommScope has a 12-month low of $2.94 and a 12-month high of $20.55. The stock has a 50-day moving average price of $18.97 and a 200 day moving average price of $16.92. The firm has a market cap of $4.30 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.85 and a beta of 2.39.

Institutional Trading of CommScope

Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of CommScope by 411.6% in the 3rd quarter. Allworth Financial LP now owns 1,719 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 1,383 shares during the period. AlphaQuest LLC purchased a new position in shares of CommScope in the 3rd quarter valued at about $36,000. Bayforest Capital Ltd purchased a new position in CommScope during the third quarter worth approximately $38,000. Harbor Capital Advisors Inc. acquired a new stake in CommScope in the 3rd quarter valued at $43,000. Finally, GAMMA Investing LLC increased its holdings in shares of CommScope by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 2,454 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 562 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

CommScope Company Profile

CommScope Holdings, Inc is a global provider of network infrastructure solutions that enable the seamless transmission of voice, video and data across wired and wireless networks. The company designs, manufactures and delivers a broad portfolio of cable, connectivity and networking products, including fiber-optic and coaxial cables, modular connectivity systems, antennas, small cells and distributed antenna systems (DAS). CommScope’s offerings support the growing demands of telecommunications service providers, cable operators, enterprise customers and data center operators that require scalable, high-performance solutions.

Serving customers in more than 150 countries, CommScope’s product lines span the full network lifecycle from planning and design through installation and maintenance.