Commscope Holding Company Given New $24.00 Price Target at Credit Suisse (COMM)
Investment analysts at Credit Suisse hoisted their price objective on shares of Commscope Holding Company (NASDAQ:COMM) from $20.00 to $24.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. Credit Suisse’s target price points to a potential upside of 9.49% from the stock’s previous close.
Commscope Holding Company (NASDAQ:COMM) traded up 15.55% during mid-day trading on Friday, hitting $21.92. The stock had a trading volume of 2,770,947 shares. Commscope Holding Company has a 52-week low of $14.77 and a 52-week high of $24.38. The stock has a 50-day moving average of $18.52 and a 200-day moving average of $17.38. The company has a market cap of $4.071 billion and a price-to-earnings ratio of 76.18.
Commscope Holding Company (NASDAQ:COMM) last released its earnings data on Thursday, February 20th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $847.00 million for the quarter, compared to the consensus estimate of $820.50 million. On average, analysts predict that Commscope Holding Company will post $1.59 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Commscope Holding Company from $18.50 to $20.00 in a research note on Friday, January 31st. Separately, analysts at National Alliance Securities initiated coverage on shares of Commscope Holding Company in a research note on Tuesday, January 14th. They set a “hold” rating and a $21.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Commscope Holding Company in a research note on Wednesday, December 4th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Commscope Holding Company has a consensus rating of “Buy” and a consensus price target of $22.50.
CommScope Holding Company, Inc is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.