CommScope (NASDAQ:COMM) Shares Down 4.7% – Should You Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM)’s share price fell 4.7% during mid-day trading on Friday . The company traded as low as $3.23 and last traded at $3.28. 293,912 shares traded hands during trading, a decline of 94% from the average session volume of 4,818,409 shares. The stock had previously closed at $3.44.

Analysts Set New Price Targets

Several brokerages have commented on COMM. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. 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 research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 target price on shares of CommScope in a report on Thursday, February 27th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.75.

CommScope Stock Down 2.9 %

The stock’s 50-day moving average is $5.08 and its 200-day moving average is $5.37. The firm has a market cap of $723.53 million, a P/E ratio of -0.74, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98.

Institutional Investors Weigh In On CommScope

Several large investors have recently made changes to their positions in COMM. Aster Capital Management DIFC Ltd bought a new stake in CommScope during the 4th quarter worth approximately $27,000. National Bank of Canada FI raised its holdings in shares of CommScope by 109.1% in 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 during the last quarter. Sterling Capital Management LLC lifted its position in CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in CommScope by 67.6% during the 4th 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 during 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.

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.