Short Term Rating on CommScope Holding Company (COMM)

CommScope Holding Company (COMM) : 8 brokerage houses believe that CommScope Holding Company (COMM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CommScope Holding Company (COMM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.3.

CommScope Holding Company (COMM) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $27. The average forecast of all the analysts is $34.33 and the expected standard deviation is $4.53.

For the current week, the company shares have a recommendation consensus of Buy.


CommScope Holding Company (NASDAQ:COMM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.64 and $31.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.47, notching a gain of 1.03% for the day. The total traded volume was 1,633,818 . The stock had closed at $32.14 on the previous day.

CommScope Holding Company, Inc. is provider of connectivity and infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions, connectivity and cabling platforms, data center and building infrastructure, and broadband access solutions. The Company operates through three segments: Wireless, Enterprise and Broadband. The Companys solutions, marketed primarily under the Andrew brand, enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Companys enterprise connectivity solutions for data centers and commercial buildings comprises voice, video, data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video, voice and data services provided by multi-system operators (MSOs).

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