Analyst Rating Update on CommScope Holding Company (COMM)

CommScope Holding Company (NASDAQ:COMM) : Zacks Investment Research ranks CommScope Holding Company (NASDAQ:COMM) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.3, which indicates as a Strong Buy.

CommScope Holding Company (NASDAQ:COMM) : 9 Wall Street analysts covering CommScope Holding Company (NASDAQ:COMM) believe that the average level the stock could reach for the short term is $34.33. The maximum price target given is $40 and the minimum target for short term is around $27, hence the standard deviation is calculated at $4.53.

For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on CommScope Holding Company (NASDAQ:COMM). In the latest research report, BTIG Research announces the target price to $41 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 17, 2016.

CommScope Holding Company (NASDAQ:COMM): stock turned positive on Tuesday. Though the stock opened at $28.99, the bulls momentum made the stock top out at $29.14 level for the day. The stock recorded a low of $28.66 and closed the trading day at $29.01, in the green by 1.72%. The total traded volume for the day was 1,343,181. The stock had closed at $28.52 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wyatt Frank B Ii, officer (SVP, General Counsel & Sec) of Commscope Holding Company, Inc., had unloaded 700 shares at an average price of $33.01 in a transaction dated on June 20, 2016. The total value of the transaction was worth $23,107.

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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