CommScope Holding Company (NASDAQ: COMM) recently received a number of ratings updates from brokerages and research firms:

  • 6/8/2017 – CommScope Holding Company had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $43.00 price target on the stock.
  • 5/25/2017 – CommScope Holding Company is now covered by analysts at Instinet. They set a “buy” rating and a $45.00 price target on the stock.
  • 5/25/2017 – CommScope Holding Company is now covered by analysts at Nomura. They set a “buy” rating and a $45.00 price target on the stock.
  • 5/22/2017 – CommScope Holding Company was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 5/9/2017 – CommScope Holding Company was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina. “
  • 5/2/2017 – CommScope Holding Company was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina. “
  • 4/26/2017 – CommScope Holding Company was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina. “
  • 4/19/2017 – CommScope Holding Company had its price target raised by analysts at Deutsche Bank AG from $42.00 to $50.00. They now have a “buy” rating on the stock.

Shares of CommScope Holding Company, Inc. (COMM) traded down 1.39% on Monday, hitting $37.01. The stock had a trading volume of 1,671 shares. The company’s 50 day moving average price is $38.18 and its 200-day moving average price is $38.27. The company has a market cap of $7.14 billion, a P/E ratio of 29.92 and a beta of 1.19. CommScope Holding Company, Inc. has a 12 month low of $27.88 and a 12 month high of $42.75.

CommScope Holding Company (NASDAQ:COMM) last announced its earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. CommScope Holding Company had a return on equity of 36.96% and a net margin of 4.96%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect that CommScope Holding Company, Inc. will post $2.74 earnings per share for the current year.

In other news, Director Timothy T. Yates purchased 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was bought at an average price of $35.34 per share, with a total value of $106,020.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank M. Drendel sold 15,000 shares of CommScope Holding Company stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $41.63, for a total value of $624,450.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,270 shares of company stock worth $16,513,093. 3.33% of the stock is owned by company insiders.

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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