CommScope: CommScope receives downgrade as debt concerns remain

J. Michael Jones/iStock Editorial via Getty Images CommScope ( NASDAQ: COMM ) was downgraded to Underperform from Neutral by Bank of America amid concerns about its debt load and worsening market trends. CommScope carries the burden of $9.4B in debt with $1.275B of said debt due by June 2025. "CommScope has about nine months to address its June 2025 debt before it turns current to avoid the risk of a going concern clause by the auditors, and management's plan remains unknown," analysts Tal Liani and others wrote. Also concerning are changing market trends around two of CommScope's primary products, Connectivity and Cabling Solutions and Outdoor Wireless Networks. These segments provide more than 50% of the company's total sales. They were down 24% and 32%, respectively, through Q3 2023. CommScope installs gigabit broadband to homes and businesses. It provides services to millions of subscribers around the world. After trading at nearly $9 share last January, shares have struggled to stay above $2 for the past few months. Analysts are largely bullish on CommScope ( COMM ). It has a BUY rating from Seeking Alpha authors , while Wall Street analysts rate it a BUY . Conversely, Seeking Alpha's quant system, which consistently beats the market, rates ASML a HOLD .