CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $16.17 Average Price Target from Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMMGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.40.

A number of research firms have recently weighed in on COMM. Northland Securities set a $25.00 price objective on CommScope in a research report on Friday, October 31st. Wall Street Zen raised shares of CommScope from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Bank of America increased their price objective on shares of CommScope from $20.00 to $23.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of CommScope in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of CommScope from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

View Our Latest Stock Report on CommScope

Hedge Funds Weigh In On CommScope

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its stake in CommScope by 411.6% during the 3rd quarter. Allworth Financial LP now owns 1,719 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 1,383 shares during the period. AlphaQuest LLC purchased a new stake in CommScope during the 3rd quarter valued at approximately $36,000. Bayforest Capital Ltd bought a new stake in shares of CommScope during the third quarter valued at approximately $38,000. Harbor Capital Advisors Inc. purchased a new position in shares of CommScope in the third quarter worth $43,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CommScope by 29.7% during the 4th 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 Stock Performance

Shares of CommScope stock opened at $19.58 on Friday. The stock has a market cap of $4.34 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.83 and a beta of 2.39. The stock’s fifty day moving average is $18.31 and its 200 day moving average is $15.29. CommScope has a one year low of $2.94 and a one year high of $20.55.

Key Headlines Impacting CommScope

Here are the key news stories impacting CommScope this week:

About CommScope

(Get Free Report)

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.

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Analyst Recommendations for CommScope (NASDAQ:COMM)

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