Commscope Holding Company Given “Outperform” Rating at Raymond James (COMM)
Commscope Holding Company (NASDAQ:COMM)‘s stock had its “outperform” rating restated by Raymond James in a research note issued on Friday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $30.00. Raymond James’ price target points to a potential upside of 39.26% from the stock’s previous close.
In other Commscope Holding Company news, COO Randall W. Crenshaw sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $22.29, for a total value of $445,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Commscope Holding Company (NASDAQ:COMM) traded up 1.21% on Friday, hitting $22.53. 269,480 shares of the company’s stock traded hands. Commscope Holding Company has a 1-year low of $14.72 and a 1-year high of $27.96. The stock has a 50-day moving average of $24.19 and a 200-day moving average of $22.5. The company has a market cap of $4.195 billion and a price-to-earnings ratio of 55.79.
Commscope Holding Company (NASDAQ:COMM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The company had revenue of $953.00 million for the quarter, compared to the consensus estimate of $804.70 million. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Analysts expect that Commscope Holding Company will post $2.13 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Commscope Holding Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $30.40 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Commscope Holding Company from $25.00 to $31.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at National Alliance Securities raised their price target on shares of Commscope Holding Company from $28.00 to $33.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.72.
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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