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Commscope (NASDAQ:COMM) has been upgraded from Equal-Weight to Overweight in a statement by Morgan Stanley earlier today.

Morgan Stanley has upgraded Commscope (NASDAQ:COMM) from Equal-Weight to Overweight in a report released on Thursday August 17, 2017.

Just yesterday Commscope (NASDAQ:COMM) traded 1.49% higher at $32.85. The company’s 50-day moving average is $35.44 and its 200-day moving average is $38.03. The last closing price is down -12.34% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. Trade Volume was down over the average, with 463,450 shares of COMM changing hands under the typical 2,741,090

Recent Performance Chart

Commscope (NASDAQ:COMM)

Commscope has a one year low of $28.28 and a one year high of $42.75 with a price-earnings ratio of 27.83 The company’s market cap is currently $0.

In addition to Morgan Stanley reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $35.50 with 4 brokerages rating the stock a strong buy, 7 firms rating the stock a buy, 2 analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

General Company Details For Commscope (NASDAQ:COMM)

CommScope Holding Company, Inc. (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions. The Company's solutions are found in the venues and outdoor spaces, including in data centers and buildings of all shapes, sizes and complexities; at wireless cell sites; in telecom central offices and cable head ends; in fiber-to-the-X (FTTX) deployments, and in airports, trains and tunnels. As of December 31, 2016, it served customers in over 100 countries through a network of more than 30 manufacturing and distribution facilities located around the globe. Its customers include global telecommunication operators and enterprise customers, including Fortune 500 enterprises and multi-system operators (MSOs).

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