CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has earned an average recommendation of "Strong Sell" from the five research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $2.50.

Separately, Morgan Stanley cut CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target for the company. in a research note on Tuesday, December 17th.

Check Out Our Latest Report on CommScope

CommScope stock opened at $5.21 on Wednesday. The stock has a market cap of $1.12 billion, a PE ratio of -1.18 and a beta of 1.96. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The business's 50-day moving average price is $5.47 and its two-hundred day moving average price is $4.26.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.38). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.42 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, analysts expect that CommScope will post -0.77 earnings per share for the current year.

Several large investors have recently modified their holdings of COMM. Future Financial Wealth Managment LLC acquired a new stake in CommScope in the third quarter valued at $31,000. National Bank of Canada FI increased its stake 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 period. Quarry LP raised its position in shares of CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock worth $50,000 after acquiring an additional 7,380 shares during the last quarter. Belvedere Trading LLC acquired a new position in shares of CommScope in the third quarter worth approximately $68,000. Finally, Creative Planning bought a new stake in CommScope in the third quarter valued at approximately $73,000. Institutional investors own 88.04% of the company's stock.

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.

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