Commscope Holding Company Rating Increased to Buy at Jefferies Group (COMM)
Commscope Holding Company (NASDAQ:COMM) was upgraded by research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $25.00 price objective on the stock, up from their previous price objective of $17.50. Jefferies Group’s price objective would indicate a potential upside of 14.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $22.50.
Shares of 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 one year low of $14.77 and a one year 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 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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