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Commscope Holding Company (NASDAQ:COMM) COO Randall W. Crenshaw sold 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $24.45, for a total transaction of $489,000.00. Following the completion of the transaction, the chief operating officer now directly owns 19,050 shares of the company’s stock, valued at approximately $465,773. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Commscope Holding Company in a research note on Friday, August 1st. They now have a $30.00 price target on the stock. Separately, analysts at Mizuho raised their price target on shares of Commscope Holding Company from $30.00 to $34.00 in a research note on Friday, August 1st. 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 Wednesday, July 30th. They now have a $25.70 price target on the stock. Fourteen equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $27.82.

Commscope Holding Company (NASDAQ:COMM) traded up 2.60% during mid-day trading on Wednesday, hitting $25.26. The stock had a trading volume of 732,895 shares. Commscope Holding Company has a one year low of $14.72 and a one year high of $27.96. The stock has a 50-day moving average of $23.6 and a 200-day moving average of $23.44. The company has a market cap of $4.729 billion and a P/E ratio of 46.45.

Commscope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Commscope Holding Company will post $2.26 earnings per share 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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