Commscope Holding Company Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:COMM)
Commscope Holding Company (NASDAQ:COMM) has earned a consensus rating of “Buy” from the fifteen analysts that are presently covering the stock, ARN reports. Fourteen analysts have rated the stock with a buy rating, The average 12-month target price among brokerages that have covered the stock in the last year is $27.82.
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.
Commscope Holding Company (NASDAQ:COMM) opened at 24.97 on Thursday. 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 $23.80 and a 200-day moving average of $23.52. The company has a market cap of $4.675 billion and a P/E ratio of 47.98.
Commscope Holding Company (NASDAQ:COMM) last released its earnings data on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.58 earnings per share. Commscope Holding Company’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Commscope Holding Company will post $2.26 earnings per share for the current fiscal year.
In other Commscope Holding Company news, SVP Joanne Townsend sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $25.50, for a total transaction of $255,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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