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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $18.40.

COMM has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Northland Securities set a $25.00 price target on CommScope in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of CommScope in a research note on Wednesday, October 8th. Bank of America raised their target price on CommScope from $20.00 to $23.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen upgraded CommScope from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th.

CommScope Stock Performance

The company’s 50-day moving average price is $18.48 and its 200 day moving average price is $15.48. CommScope has a 1 year low of $2.94 and a 1 year high of $20.55. The company has a market capitalization of $4.30 billion, a PE ratio of 5.92, a PEG ratio of 0.85 and a beta of 2.39.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COMM. Monarch Alternative Capital LP raised its stake in shares of CommScope by 3.8% during the 3rd quarter. Monarch Alternative Capital LP now owns 10,380,000 shares of the communications equipment provider’s stock worth $160,682,000 after purchasing an additional 380,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in CommScope by 244.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider’s stock valued at $50,437,000 after purchasing an additional 6,743,929 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of CommScope by 1,506.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,092,953 shares of the communications equipment provider’s stock valued at $78,839,000 after buying an additional 4,775,994 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of CommScope by 11.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,038,980 shares of the communications equipment provider’s stock worth $91,357,000 after acquiring an additional 502,849 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in CommScope by 35.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,948,746 shares of the communications equipment provider’s stock worth $45,644,000 after acquiring an additional 775,891 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.