Share on StockTwits

Commscope Holding Company (NASDAQ:COMM) SVP Peter U. Karlsson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $25.62, for a total transaction of $192,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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. Fourteen investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $27.82.

Shares of Commscope Holding Company (NASDAQ:COMM) traded down 0.68% during mid-day trading on Wednesday, hitting $26.32. The stock had a trading volume of 944,314 shares. Commscope Holding Company has a 52-week low of $14.72 and a 52-week high of $27.96. The stock’s 50-day moving average is $24.69 and its 200-day moving average is $24.2. The company has a market cap of $4.927 billion and a price-to-earnings ratio of 50.00. Commscope Holding Company also saw a large growth in short interest in August. As of August 15th, there was short interest totalling 2,972,819 shares, a growth of 62.0% from the July 31st total of 1,834,545 shares. Based on an average daily volume of 944,074 shares, the short-interest ratio is currently 3.1 days. Currently, 3.6% of the shares of the company are sold short.

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. 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.

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.