CommScope Holding Company, Inc. (NASDAQ:COMM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.1667.

A number of brokerages have recently issued reports on COMM. Weiss Ratings reiterated a “hold (c)” rating on shares of CommScope in a report on Wednesday, October 8th. Bank of America lifted their target price on CommScope from $20.00 to $23.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Zacks Research lowered 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 objective on shares of CommScope in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of CommScope from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th.

CommScope Price Performance

NASDAQ:COMM opened at $18.50 on Friday. CommScope has a 1-year low of $2.94 and a 1-year high of $20.55. The company has a 50-day moving average of $18.18 and a 200 day moving average of $15.09. The firm has a market cap of $4.10 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 0.80 and a beta of 2.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of CommScope by 1,029.9% during the first quarter. AQR Capital Management LLC now owns 360,577 shares of the communications equipment provider’s stock valued at $1,877,000 after acquiring an additional 328,664 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CommScope by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 128,503 shares of the communications equipment provider’s stock valued at $682,000 after buying an additional 7,149 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of CommScope by 7.9% during the first quarter. NewEdge Advisors LLC now owns 63,433 shares of the communications equipment provider’s stock valued at $337,000 after buying an additional 4,669 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of CommScope by 244.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider’s stock valued at $50,437,000 after acquiring an additional 6,743,929 shares during the period. Finally, Caxton Associates LLP purchased a new position in CommScope in the 1st quarter worth $455,000. 88.04% of the stock is owned by institutional investors and hedge funds.

About CommScope

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.