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A number of firms have modified their ratings and price targets on shares of Commscope Holding Company (NASDAQ: COMM) recently:

  • Commscope Holding Company had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $29.00. They now have an “overweight” rating on the stock.
  • Commscope Holding Company had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $30.00 price target on the stock.
  • Commscope Holding Company had its price target raised by analysts at Jefferies Group from $25.00 to $31.00. They now have a “buy” rating on the stock.
  • Commscope Holding Company had its price target raised by analysts at Mizuho from $25.00 to $30.00. They now have a “buy” rating on the stock.
  • Commscope Holding Company had its price target raised by analysts at National Alliance Securities from $28.00 to $33.00. They now have a “buy” rating on the stock.

Commscope Holding Company Inc (NASDAQ:COMM) traded down 1.44% during mid-day trading on Friday, hitting $25.32. 211,430 shares of the company’s stock traded hands. Commscope Holding Company Inc has a 52-week low of $14.72 and a 52-week high of $27.96. The stock’s 50-day moving average is $24.90 and its 200-day moving average is $20.05. The company has a market cap of $4.716 billion and a price-to-earnings ratio of 64.39. Commscope Holding Company also was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 268,560 shares, a decline of 78.4% from the March 31st total of 1,245,113 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 721,642 shares, the days-to-cover ratio is currently 0.4 days.

CommScope Holding Company, Inc is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.

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