1 week Ago By ABMN Staff
CommScope Holding Company, Inc. ( NASDAQ:COMM – Get Free Report )’s stock price was down 4.7% during mid-day trading on Friday .
The company traded as low as $3.23 and last traded at $3.28.
Approximately 293,912 shares traded hands during trading, a decline of 94% from the average daily volume of 4,818,409 shares. The stock had previously closed at $3.44.
Wall Street Analyst Weigh In COMM has been the topic of several analyst reports. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Morgan Stanley cut shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.
00 price objective on the stock. in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.
00 target price on shares of CommScope in a research note on Thursday, February 27th. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th.
Finally, JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Tuesday, January 14th.
Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, CommScope currently has a consensus rating of “Hold” and a consensus target price of $4.
75. Check Out Our Latest Analysis on CommScope CommScope Stock Performance Institutional Investors Weigh In On CommScope Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in CommScope during the 4th quarter valued at $27,000.
National Bank of Canada FI boosted its stake in CommScope by 109.1% during 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 buying an additional 2,857 shares in the last quarter.
Sterling Capital Management LLC grew its holdings in CommScope by 826.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 6,030 shares during the period.
Tower Research Capital LLC TRC raised its position in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter.
Finally, Sciencast Management LP acquired a new stake in CommScope in the 4th quarter valued at about $56,000. Institutional investors own 88.04% of the company’s stock.
About CommScope ( Get Free Report ) 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. Read More Receive News & Ratings for CommScope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommScope and related companies with MarketBeat.
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