Price Target Update on CommScope Holding Company (NASDAQ:COMM)

CommScope Holding Company (NASDAQ:COMM) : The highest level CommScope Holding Company (NASDAQ:COMM) is projected to reach is $40 for the short term and the lowest estimate is at $27. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $34.33 and the possibility the share price can swing is $4.53.

Other Equity analysts have also commented on the company shares. BTIG Research initiates coverage on CommScope Holding Company (NASDAQ:COMM). BTIG Research has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $41 per share. The rating by the firm was issued on June 17, 2016.

CommScope Holding Company (NASDAQ:COMM): stock turned positive on Thursday. Though the stock opened at $32, the bulls momentum made the stock top out at $32.3 level for the day. The stock recorded a low of $31.7699 and closed the trading day at $32.13, in the green by 0.41%. The total traded volume for the day was 1,903,817. The stock had closed at $32 in the previous days trading.

The company shares have rallied 2.01% from its 1 Year high price. On Sep 9, 2015, the shares registered one year high at $34.12 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.92 and the 200 Day Moving Average price is recorded at $26.75. On the companys insider trading activities, The director officer (President and CEO), of Commscope Holding Company, Inc., Edwards Marvin S Jr had unloaded 100,000 shares at $32.15 per share in a transaction on June 6, 2016. The total value of transaction was $3,215,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

CommScope Holding Company, Inc. is provider of connectivity and infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions, connectivity and cabling platforms, data center and building infrastructure, and broadband access solutions. The Company operates through three segments: Wireless, Enterprise and Broadband. The Companys solutions, marketed primarily under the Andrew brand, enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Companys enterprise connectivity solutions for data centers and commercial buildings comprises voice, video, data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video, voice and data services provided by multi-system operators (MSOs).

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