Commscope Holding Company PT Raised to $20.00 at Raymond James (COMM)
Analysts at Raymond James lifted their price target on shares of Commscope Holding Company (NASDAQ:COMM) from $18.50 to $20.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. Raymond James’ price target would suggest a potential upside of 11.54% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Alliance Securities initiated coverage on shares of Commscope Holding Company in a research note to investors on Tuesday, January 14th. They set a “hold” rating and a $21.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.59.
Commscope Holding Company (NASDAQ:COMM) opened at 17.93 on Friday. Commscope Holding Company has a 1-year low of $14.77 and a 1-year high of $19.64. The stock has a 50-day moving average of $18.19 and a 200-day moving average of $17.06. The company has a market cap of $1.703 billion and a P/E ratio of 15.96.
Commscope Holding Company (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Commscope Holding Company will post $1.59 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.