Analyst Price Target Update on CommScope Holding Company (NASDAQ:COMM)

CommScope Holding Company (NASDAQ:COMM): According to 7 Analysts, The short term target price has been estimated at $ 33.The target price could deviate by a maximum of $4.2 from the forecast price. In the near term, the target price could hit a high of $38 and a low of $ 27.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs upgrades the rating on CommScope Holding Company (NASDAQ:COMM). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $33 per share to $35 per share. The rating by the firm was issued on May 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Edwards Marvin S Jr, director officer (President and CEO) of Commscope Holding Company, Inc., unloaded 100,000 shares at an average price of $32.15 on June 6, 2016. The total amount of the transaction was worth $3,215,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CommScope Holding Company (NASDAQ:COMM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.48 points or 1.5% at $31.55 with 1,320,993 shares getting traded. Post opening the session at $31.83, the shares hit an intraday low of $31.53 and an intraday high of $32.15 and the price was in this range throughout the day. The company has a market cap of $6,054 million and the number of outstanding shares have been calculated to be 191,885,520 shares. The 52-week high of CommScope Holding Company (NASDAQ:COMM) is $34.12 and the 52-week low is $19.37.

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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