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Morgan Stanley upgraded Commscope (US:COMM) from Equal-Weight to Overweight in a statement released earlier today.

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

Having a price of $32.85, Commscope (US:COMM) traded 1.49% higher on the day. With the last stock price down -12.34% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. COMM has recorded a 50-day average of $35.44 and a two hundred day average of $38.03. 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 (US:COMM)

Commscope has 52 week low of $28.28 and a 52 week high of $42.75 with a P/E ratio of 27.83 and has a market cap of $0.

In addition to Morgan Stanley reporting its target price, a total of 12 brokers have issued a report on the stock. The consensus target price is $35.50 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Commscope (US: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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