CommScope Holding (COMM) Receives a Buy from Northland Securities
Northland Securities analyst Tim Savageaux maintained a Buy rating on CommScope Holding (COMM) today and set a price target of $15.00. The company’s shares closed last Thursday at $10.03.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 9.3% and a 56.1% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Communications Systems, and Luna Innovations.
Currently, the analyst consensus on CommScope Holding is a Moderate Buy with an average price target of $13.55, implying a 36.9% upside from current levels. In a report issued on November 4, Credit Suisse also maintained a Buy rating on the stock with a $19.00 price target.
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The company has a one-year high of $15.79 and a one-year low of $5.50. Currently, CommScope Holding has an average volume of 3.08M.
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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.