CommScope Holding Company (COMM) Receives Price Target

CommScope Holding Company (COMM) : The highest level CommScope Holding Company (COMM) is projected to reach is $40 for the short term and the lowest estimate is at $27. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $35.5 and the possibility the share price can swing is $3.96.

CommScope Holding Company (COMM) : 9 analysts are covering CommScope Holding Company (COMM) and their average rating on the stock is 1.33, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CommScope Holding Company (COMM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Deutsche Bank maintains their rating on the shares of CommScope Holding Company (NASDAQ:COMM). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $35 per share from $36 per share. The rating by the firm was issued on July 29, 2016.

CommScope Holding Company (NASDAQ:COMM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.55 and $29.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.80, notching a gain of 0.78% for the day. The total traded volume was 968,349 . The stock had closed at $29.57 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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