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Jefferies Thinks CommScope Holding’s Stock is Going to Recover

Jefferies analyst George Notter maintained a Buy rating on CommScope Holding (COMMResearch Report) on June 15. The company’s shares closed last Friday at $5.98, close to its 52-week low of $5.67.

According to TipRanks.com, Notter is a 5-star analyst with an average return of 11.4% and a 56.8% success rate. Notter covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Motorola Solutions, and Juniper Networks.

CommScope Holding has an analyst consensus of Hold, with a price target consensus of $8.17, representing a 35.5% upside. In a report issued on June 23, Deutsche Bank also maintained a Buy rating on the stock with a $9.00 price target.

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CommScope Holding’s market cap is currently $1.24B and has a P/E ratio of -2.18.

Based on the recent corporate insider activity of 53 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.

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