Fintel reports that on January 14, 2025, JP Morgan upgraded their outlook for CommScope Holding (NasdaqGS:COMM) from Underweight to Neutral.
Analyst Price Forecast Suggests 16.38% Downside
As of December 23, 2024, the average one-year price target for CommScope Holding is $4.11/share. The forecasts range from a low of $1.21 to a high of $6.30. The average price target represents a decrease of 16.38% from its latest reported closing price of $4.92 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CommScope Holding is 10,135MM, an increase of 95.51%. The projected annual non-GAAP EPS is 3.31.
What is the Fund Sentiment?
There are 394 funds or institutions reporting positions in CommScope Holding. This is an increase of 71 owner(s) or 21.98% in the last quarter. Average portfolio weight of all funds dedicated to COMM is 0.12%, an increase of 174.73%. Total shares owned by institutions increased in the last three months by 8.76% to 191,766K shares. 
The put/call ratio of COMM is 0.42, indicating a bullish outlook.
What are Other Shareholders Doing?
Fpr Partners holds 13,355K shares representing 6.19% ownership of the company. In its prior filing, the firm reported owning 19,426K shares , representing a decrease of 45.45%. The firm increased its portfolio allocation in COMM by 215.55% over the last quarter.
D. E. Shaw holds 8,279K shares representing 3.83% ownership of the company. In its prior filing, the firm reported owning 6,083K shares , representing an increase of 26.52%. The firm increased its portfolio allocation in COMM by 520.53% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,527K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 6,519K shares , representing an increase of 0.12%. The firm increased its portfolio allocation in COMM by 367.12% over the last quarter.
IWM - iShares Russell 2000 ETF holds 5,520K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 5,131K shares , representing an increase of 7.05%. The firm increased its portfolio allocation in COMM by 361.06% over the last quarter.
Invesco holds 5,370K shares representing 2.49% ownership of the company. In its prior filing, the firm reported owning 2,342K shares , representing an increase of 56.38%. The firm decreased its portfolio allocation in COMM by 10.60% over the last quarter.
CommScope Holding Background Information
(This description is provided by the company.)
CommScope Holding Company Inc. is pushing the boundaries of technology to create the world's most advanced wired and wireless networks. Its global team of employees, innovators and technologists empower customers to anticipate what's next and invent what's possible.
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This story originally appeared on Fintel.
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