Commscope Holding Company Price Target Increased to $25.00 by Analysts at Evercore Partners (COMM)
Equities researchers at Evercore Partners upped their target price on shares of Commscope Holding Company (NASDAQ:COMM) from $3.00 to $25.00 in a research report issued on Friday, Analyst RN reports. Evercore Partners’ price objective would suggest a potential upside of 14.05% from the stock’s previous close.
Shares of Commscope Holding Company (NASDAQ:COMM) traded up 15.55% 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’s 50-day moving average is $18.52 and its 200-day moving average is $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 announced its earnings results 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.
A number of other firms have also recently commented on COMM. Analysts at Mizuho raised their price target on shares of Commscope Holding Company from $23.00 to $25.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Commscope Holding Company from $20.00 to $24.00 in a research note on Friday. Finally, 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Commscope Holding Company has a consensus rating of “Buy” and an average 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.
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