CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Rating of “Strong Sell” by Analysts

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been assigned a consensus rating of “Strong Sell” from the five research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $2.50.

Separately, Morgan Stanley downgraded shares of 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.

Institutional Trading of CommScope

Several hedge funds have recently added to or reduced their stakes in COMM. Geode Capital Management LLC raised its position in shares of CommScope by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,111,866 shares of the communications equipment provider’s stock worth $31,239,000 after buying an additional 155,166 shares in the last quarter. Millennium Management LLC increased its stake in shares of CommScope by 19.9% during the second quarter. Millennium Management LLC now owns 5,074,507 shares of the communications equipment provider’s stock valued at $6,242,000 after acquiring an additional 840,742 shares during the period. State Street Corp raised its holdings in CommScope by 9.2% during the third 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. Two Sigma Advisers LP lifted its position in CommScope by 29.3% in the third quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock worth $26,296,000 after purchasing an additional 975,200 shares during the period. Finally, Monarch Alternative Capital LP bought a new position in CommScope during the 3rd quarter valued at $16,623,000. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Up 2.1 %

COMM opened at $5.27 on Wednesday. The company’s 50-day moving average price is $5.41 and its 200 day moving average price is $4.33. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -1.19 and a beta of 1.92.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that CommScope will post -0.77 earnings per share for the current year.

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.