Commscope Holding Company Inc Sets New 1-Year High at $19.64 (COMM)
Commscope Holding Company (NASDAQ:COMM) set a new 52-week high during mid-day trading on Monday, StockRatingsNetwork reports. The stock traded as high as $19.64 and last traded at $19.33, with a volume of 1,312,748 shares. The stock had previously closed at $19.19.
COMM has been the subject of a number of recent research reports. Analysts at Merrill Lynch initiated coverage on shares of Commscope Holding Company in a research note to investors on Wednesday, December 4th. They set a “buy” rating on the stock. Separately, analysts at Barclays initiated coverage on shares of Commscope Holding Company in a research note to investors on Wednesday, December 4th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Commscope Holding Company in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.61.
Commscope Holding Company has a 52-week low of $14.77 and a 52-week high of $19.31. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $16.54. The company has a market cap of $3.584 billion and a price-to-earnings ratio of 77.07.
Commscope Holding Company (NASDAQ:COMM) last released its earnings data on Thursday, November 7th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.10. The company had revenue of $888.01 million for the quarter, compared to the consensus estimate of $894.02 million. Analysts expect that Commscope Holding Company will post $1.59 EPS for the current fiscal year.
CommScope Holding Company, Inc is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.
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