Northland Securities analyst Tim Savageaux maintained a Buy rating on CommScope Holding (COMM – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.48.
According to TipRanks, Savageaux is a 5-star analyst with an average return of 16.2% and a 56.03% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Aviat Networks, and Harmonic.
Currently, the analyst consensus on CommScope Holding is a Moderate Buy with an average price target of $6.33.
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The company has a one-year high of $13.49 and a one-year low of $1.38. Currently, CommScope Holding has an average volume of 3.13M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COMM in relation to earlier this year.
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CommScope Holding (COMM) Company Description:
CommScope Holding Co., Inc. engages in the provision of infrastructure solutions for communications networks. It operates through the Connectivity Solutions (CCS), and Mobility Solutions (CMS) segments. The CCS segment offers innovative fiber optic and copper cable and connectivity solutions for use in data centers and business enterprise, telecommunications, cable television, and residential broadband networks. The CMS segment includes integral building blocks for cellular base station sites and related connectivity; indoor, small cell and distributed antenna wireless systems; and wireless network backhaul planning and optimization products and services. The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, NC.
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