CommScope (NASDAQ:COMM) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of CommScope (NASDAQ:COMM) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other brokerages also recently commented on COMM. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.00.

CommScope Trading Up 1.0 %

Shares of COMM opened at $6.35 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -1.44, a P/E/G ratio of 0.41 and a beta of 1.90. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The firm has a fifty day moving average price of $5.29 and a 200-day moving average price of $5.29.

Institutional Trading of CommScope

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of CommScope in the 4th quarter worth $27,000. National Bank of Canada FI grew its stake in CommScope by 109.1% in the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 2,857 shares during the last quarter. Sterling Capital Management LLC raised its holdings in CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 6,030 shares in the last quarter. Quarry LP lifted its position in shares of CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 7,380 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 4,026 shares in the last quarter. 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.