Commscope Holding Company Price Target Increased to $27.00 by Analysts at Evercore Partners (COMM)
Research analysts at Evercore Partners increased their target price on shares of Commscope Holding Company (NASDAQ:COMM) from $25.00 to $27.00 in a report released on Monday, Analyst Ratings Network reports. Evercore Partners’ target price suggests a potential upside of 13.30% from the company’s current price.
A number of other firms have also recently commented on COMM. Analysts at Longbow Research initiated coverage on shares of Commscope Holding Company in a research note on Thursday, March 27th. They set a “buy” rating and a $30.00 price target on the stock. Separately, analysts at National Alliance Securities raised their price target on shares of Commscope Holding Company from $26.00 to $28.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Commscope Holding Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th. They now have a $24.10 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.79.
In other Commscope Holding Company news, major shareholder Group L.P. Carlyle sold 20,125,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $21.18, for a total value of $426,247,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Commscope Holding Company (NASDAQ:COMM) traded up 1.36% during mid-day trading on Monday, hitting $23.83. 345,814 shares of the company’s stock traded hands. Commscope Holding Company has a 52-week low of $14.72 and a 52-week high of $26.53. The stock’s 50-day moving average is $23.51 and its 200-day moving average is $19.20. The company has a market cap of $4.429 billion and a price-to-earnings ratio of 195.92.
Commscope Holding Company (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 $1.83 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.