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Longbow Research Cuts CommScope Holding Co (NASDAQ:COMM) Stock To a Neutral Rating

CommScope Holding Company, Inc. (NASDAQ:COMM) Logo

Investors sentiment decreased to 1.14 in Q2 2018. Its down 0.19, from 1.33 in 2018Q1. It fall, as 46 investors sold CommScope Holding Company, Inc. shares while 69 reduced holdings. 44 funds opened positions while 87 raised stakes. 193.46 million shares or 2.67% more from 188.43 million shares in 2018Q1 were reported.

Amer Intll Inc has invested 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Wg Shaheen And Assoc Dba Whitney And Company invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Us Natl Bank De accumulated 2,828 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.05% or 132,478 shares. Ironsides Asset Advisors Lc invested in 18,105 shares. Invesco Limited accumulated 2.41 million shares or 0.02% of the stock. 19,094 are held by Toronto Dominion Bankshares. Bnp Paribas Arbitrage stated it has 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Walleye Trading Ltd Limited Liability Company has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM). The Massachusetts-based State Street has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Westpac Bk stated it has 17,761 shares. Silchester Int Invsts Ltd Liability Partnership has invested 0.14% in CommScope Holding Company, Inc. (NASDAQ:COMM). Vident Inv Advisory Ltd Liability invested in 14,307 shares or 0.02% of the stock. Robeco Institutional Asset Bv accumulated 0% or 3,098 shares.

CommScope Holding Co (NASDAQ:COMM) Receives a Downgrade

The Equity Rating of CommScope Holding Co (NASDAQ:COMM) rating was cut by stock research analysts at Longbow Research from the previous Buy rating to a Neutral rating in a note shared with investors and clients on Friday, 9 November.

CommScope Holding Company, Inc. (NASDAQ:COMM) Ratings Coverage

Among 5 analysts covering CommScope Holding Co (NASDAQ:COMM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. CommScope Holding Co has $32 highest and $30.5 lowest target. $31.17’s average target is 60.75% above currents $19.39 stock price. CommScope Holding Co had 6 analyst reports since May 10, 2018 according to SRatingsIntel. The company was downgraded on Tuesday, October 9 by Goldman Sachs. Credit Suisse maintained the shares of COMM in report on Tuesday, June 19 with “Hold” rating. As per Friday, October 5, the company rating was downgraded by Nomura. Jefferies downgraded it to “Hold” rating and $30.5 target in Monday, August 6 report.

The stock decreased 0.87% or $0.17 during the last trading session, reaching $19.39. About 5.26 million shares traded or 118.66% up from the average. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 8.63% since November 10, 2017 and is downtrending. It has underperformed by 24.25% the S&P500.

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company has market cap of $3.73 billion. The companyÂ’s CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, AMP NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, complete cabling systems, and cable assemblies for use in offices and data centers. It has a 18.63 P/E ratio. This segment also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, splices, and splice closures that supports video, voice, and high-speed data services provided by telecommunications operators and multi-system operators.

More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Schaeffersresearch.com which released: “Behind the Etsy Stock Short Squeeze” on November 08, 2018, also Benzinga.com with their article: “80 Biggest Movers From Yesterday” published on November 09, 2018, Seekingalpha.com published: “Arris +18.1% as CNBC hears CommScope deal at over $31/share” on November 06, 2018. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Benzinga.com and their article: “35 Stocks Moving In Thursday’s Pre-Market Session” published on November 08, 2018 as well as Streetinsider.com‘s news article titled: “CommScope (COMM) to Acquire ARRIS (ARRS) for $31.75/Sh in Deal Valued at Approx. $7.4B” with publication date: November 08, 2018.

CommScope Holding Company, Inc. (NASDAQ:COMM) Institutional Positions Chart

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