Price Action Report: After Achieving 52-Week High, Is Commscope Holding Company Inc’s Near-Term Analysis Positive?

Price Action Report: After Achieving 52 Week High, Is Commscope Holding Company Inc's Near Term Analysis Positive?

The stock of Commscope Holding Company Inc (NASDAQ:COMM) hit a new 52-week high and has $53.04 target or 49.00% above today’s $35.60 share price. The 9 months bullish chart indicates low risk for the $6.96B company. The 1-year high was reported on Nov, 21 by If the $53.04 price target is reached, the company will be worth $3.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 123,800 shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 33.17% since April 19, 2016 and is uptrending. It has outperformed by 29.31% the S&P500.

Commscope Holding Company Inc (NASDAQ:COMM) Ratings Coverage

Out of 10 analysts covering CommScope Holding (NASDAQ:COMM), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. CommScope Holding has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Monday, February 22 the stock rating was upgraded by Cross Research to “Buy”. The firm earned “Overweight” rating on Thursday, December 17 by JP Morgan. The stock of Commscope Holding Company Inc (NASDAQ:COMM) earned “Buy” rating by Drexel Hamilton on Friday, July 24. The firm earned “Equal-Weight” rating on Tuesday, September 20 by Morgan Stanley. On Tuesday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. Northland Capital initiated the stock with “Market Perform” rating in Wednesday, September 30 report. The stock has “Buy” rating given by Goldman Sachs on Monday, May 9. On Tuesday, November 10 the stock rating was maintained by Northland Capital with “Market Perform”. BTIG Research initiated Commscope Holding Company Inc (NASDAQ:COMM) rating on Friday, June 17. BTIG Research has “Buy” rating and $41 price target. The firm earned “Neutral” rating on Friday, September 18 by Goldman Sachs.

According to Zacks Investment Research, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina.”

Insitutional Activity: The institutional sentiment decreased to 2.04 in 2016 Q2. Its down 0.08, from 2.12 in 2016Q1. The ratio fall, as 15 funds sold all Commscope Holding Company Inc shares owned while 43 reduced positions. 40 funds bought stakes while 83 increased positions. They now own 192.42 million shares or 1.89% less from 196.14 million shares in 2016Q1.
The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Commscope Holding Company Inc (NASDAQ:COMM). Tiaa Cref Inv Mngmt Ltd Limited Liability Company owns 641,848 shares or 0.02% of their US portfolio. Employees Retirement Association Of Colorado accumulated 0.01% or 29,563 shares. Airain last reported 0.17% of its portfolio in the stock. Partner Management L P has 26,464 shares for 1.34% of their US portfolio. Deutsche Bancorporation Ag owns 97,628 shares or 0% of their US portfolio. Federated Pa holds 126,673 shares or 0.01% of its portfolio. California State Teachers Retirement System holds 0.02% or 270,847 shares in its portfolio. Qs Investors Ltd Co last reported 17 shares in the company. The New York-based Ibm Retirement Fund has invested 0.01% in Commscope Holding Company Inc (NASDAQ:COMM). Fpr Ptnrs Ltd Company has 10.13 million shares for 7.59% of their US portfolio. Mirae Asset Invs Ltd reported 28,868 shares or 0.02% of all its holdings. Hollow Brook Wealth Mgmt Ltd Llc accumulated 83,598 shares or 1.79% of the stock. Cubist Systematic Strategies Ltd Llc has invested 0.04% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Pacad Limited owns 6,100 shares or 0.03% of their US portfolio.

COMM Company Profile

CommScope Holding Company, Inc., incorporated on October 22, 2010, is well-known provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). The Firm also makes coaxial and fiber optic cable for residential broadband networks. Through its Andrew brand, the Company provides merchant radio frequency (RF) wireless network connectivity solutions and small cell distributed antenna system (DAS) solutions. Through its SYSTIMAX, Uniprise and AMP NETCONNECT brands, the Company provides enterprise connectivity solutions, delivering an end-to-end physical layer solution, including connectivity and cables, enclosures, data center and network intelligence software, in-building wireless and network design services for enterprise applications and data centers.

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