CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Consensus Rating of “Reduce” from Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has received an average rating of “Reduce” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.75.

COMM has been the topic of a number of recent analyst 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. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Tuesday, January 14th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th.

CommScope Trading Up 5.8 %

Shares of NASDAQ COMM opened at $3.64 on Friday. The company has a 50-day moving average of $4.99 and a 200 day moving average of $5.31. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The stock has a market cap of $788.28 million, a PE ratio of -0.82, a P/E/G ratio of 0.41 and a beta of 1.98.

Hedge Funds Weigh In On CommScope

Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its stake in CommScope by 182.2% in the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider’s stock valued at $48,396,000 after purchasing an additional 5,996,931 shares during the last quarter. LMR Partners LLP acquired a new position in shares of CommScope during the 4th quarter valued at $14,328,000. Hudson Bay Capital Management LP boosted its position in shares of CommScope by 150.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,500,558 shares of the communications equipment provider’s stock worth $13,028,000 after buying an additional 1,500,558 shares during the period. Sculptor Capital LP grew its position in CommScope by 218.7% in the fourth quarter. Sculptor Capital LP now owns 1,603,000 shares of the communications equipment provider’s stock valued at $8,352,000 after acquiring an additional 1,100,000 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of CommScope by 2,124.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 922,803 shares of the communications equipment provider’s stock valued at $4,808,000 after purchasing an additional 881,322 shares during the period. 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.