In a report released yesterday, Jeff Kvaal from Nomura maintained a Buy rating on CommScope Holding (COMM), with a price target of $15.00. The company’s shares closed last Thursday at $9.29.
According to TipRanks.com, Kvaal is a 5-star analyst with an average return of 8.2% and a 57.7% success rate. Kvaal covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Dell Technologies.
Currently, the analyst consensus on CommScope Holding is a Moderate Buy with an average price target of $13.22, representing a 37.7% upside. In a report issued on May 8, Credit Suisse also assigned a Buy rating to the stock with a $17.00 price target.
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The company has a one-year high of $18.34 and a one-year low of $5.50. Currently, CommScope Holding has an average volume of 4.73M.
Based on the recent corporate insider activity of 36 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
