Commscope Holding Company Price Target Raised to $25.00 at Mizuho (COMM)
Mizuho upped their target price on shares of Commscope Holding Company (NASDAQ:COMM) from $23.00 to $25.00 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 14.05% from the stock’s previous close.
COMM has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. 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 currently has an average rating of “Buy” and an average price target of $22.50.
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 one year low of $14.77 and a one year 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 (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. 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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