CommScope (NASDAQ:COMM) Upgraded 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.

Several other research firms also recently weighed in on COMM. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price on shares of CommScope in a research report on Thursday. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Tuesday, January 14th. 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 note on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.00.

CommScope Stock Performance

Shares of NASDAQ COMM opened at $6.35 on Friday. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The company has a market cap of $1.37 billion, a PE ratio of -1.44, a P/E/G ratio of 0.41 and a beta of 1.90. The business has a 50-day simple moving average of $5.29 and a two-hundred day simple moving average of $5.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of CommScope by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock valued at $118,542,000 after buying an additional 694,363 shares during the last quarter. Deutsche Bank AG raised its position in CommScope by 182.2% during 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 acquiring an additional 5,996,931 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CommScope by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider’s stock valued at $26,715,000 after acquiring an additional 14,576 shares during the period. State Street Corp boosted its position in CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock worth $28,034,000 after purchasing an additional 387,466 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CommScope by 10.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider’s stock worth $23,035,000 after purchasing an additional 421,000 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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.