CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.1667.Amphenol: The Unseen Giant Behind Every Major Tech TrendA number of equities research analysts have recently weighed in on COMM shares. Wall Street Zen upgraded CommScope from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 11th. Zacks Research raised CommScope from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CommScope in a research note on Wednesday, October 8th. Northland Securities set a $25.00 price target on shares of CommScope in a research report on Friday, October 31st. Finally, Bank of America increased their price objective on shares of CommScope from $20.00 to $23.50 and gave the company a "buy" rating in a report on Tuesday, November 11th.Read Our Latest Report on COMMCommScope Stock PerformanceMid-Caps CommScope, Dycom Outperform Broader Telecom IndustryNASDAQ:COMM opened at $18.35 on Wednesday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.90 and a beta of 2.38. The stock's fifty day moving average price is $17.29 and its two-hundred day moving average price is $13.62. CommScope has a 52-week low of $2.94 and a 52-week high of $20.55. Institutional Investors Weigh In On CommScopeA number of institutional investors have recently made changes to their positions in COMM. Principal Financial Group Inc. lifted its stake in CommScope by 5.4% in the third quarter. Principal Financial Group Inc. now owns 15,778 shares of the communications equipment provider's stock valued at $244,000 after acquiring an additional 814 shares during the last quarter. Osaic Holdings Inc. lifted its stake in CommScope by 4.7% in the 2nd quarter. Osaic Holdings Inc. now owns 18,047 shares of the communications equipment provider's stock valued at $149,000 after purchasing an additional 818 shares during the last quarter. Arizona State Retirement System grew its holdings in CommScope by 1.5% during the third quarter. Arizona State Retirement System now owns 60,871 shares of the communications equipment provider's stock worth $942,000 after purchasing an additional 877 shares during the period. Ameritas Investment Partners Inc. increased its position in CommScope by 5.8% during the second quarter. Ameritas Investment Partners Inc. now owns 21,792 shares of the communications equipment provider's stock worth $180,000 after buying an additional 1,191 shares during the last quarter. Finally, Allworth Financial LP raised its stake in CommScope by 411.6% in the third quarter. Allworth Financial LP now owns 1,719 shares of the communications equipment provider's stock valued at $27,000 after buying an additional 1,383 shares during the period. 88.04% of the stock is owned by institutional investors and hedge funds. CommScope Company Profile (Get Free Report)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.Read MoreFive stocks we like better than CommScopeWhen to Sell a Stock for Profit or LossWhy Taiwan Semiconductor's 6.5% Dip Could Be a Smart BuyWhat is a Dividend King? RTX Surges to Record Highs as Defense Orders ExplodeWhat is a Special Dividend?Smart Money Is Buying Auto Suppliers, Not Car BrandsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CommScope Right Now?Before you consider CommScope, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CommScope wasn't on the list.While CommScope currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here