Commscope Holding Company Given New $24.00 Price Target at Deutsche Bank (COMM)
Deutsche Bank raised their price objective on shares of Commscope Holding Company (NASDAQ:COMM) from $22.00 to $24.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 26.52% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of Commscope Holding Company to a “buy” rating in a research note on Friday. They now have a $24.00 price target on the stock, up previously from $21.00. Separately, analysts at Jefferies Group upgraded shares of Commscope Holding Company from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $25.00 price target on the stock, up previously from $17.50. Finally, analysts at Evercore Partners raised their price target on shares of Commscope Holding Company from $3.00 to $25.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.50.
Shares of Commscope Holding Company (NASDAQ:COMM) traded up 16.70% during mid-day trading on Friday, hitting $22.1375. The stock had a trading volume of 1,748,736 shares. Commscope Holding Company has a 52 week low of $14.77 and a 52 week high of $19.64. The stock has a 50-day moving average of $18. and a 200-day moving average of $17.32. The company has a market cap of $4.111 billion and a P/E ratio of 76.18.
Commscope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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.
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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