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Commscope Holding Company (NASDAQ:COMM) has earned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, ARN reports. Fourteen research analysts have rated the stock with a buy recommendation, The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.82.

In other Commscope Holding Company news, COO Randall W. Crenshaw sold 20,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $24.45, for a total value of $489,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on COMM shares. 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.

Shares of Commscope Holding Company (NASDAQ:COMM) traded up 0.99% on Thursday, hitting $25.51. 221,157 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’s 50-day moving average is $23.69 and its 200-day moving average is $23.4. The company has a market cap of $4.776 billion and a price-to-earnings ratio of 47.66.

Commscope Holding Company (NASDAQ:COMM) last released its earnings data on Thursday, July 31st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Commscope Holding Company will post $2.26 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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