Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have earned a consensus rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $43.89.

COMM has been the subject of several recent analyst reports. Instinet initiated coverage on CommScope Holding in a research note on Thursday, May 25th. They issued a “buy” rating and a $45.00 price target for the company. TheStreet cut CommScope Holding from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded CommScope Holding from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Nomura initiated coverage on CommScope Holding in a research report on Thursday, May 25th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on CommScope Holding from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th.

In related news, SVP Peter U. Karlsson sold 7,370 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $36.72, for a total transaction of $270,626.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank M. Drendel sold 15,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $42.18, for a total value of $632,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,370 shares of company stock valued at $1,487,426. 3.33% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in CommScope Holding by 19.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,706 shares of the communications equipment provider’s stock valued at $113,000 after buying an additional 439 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of CommScope Holding by 6.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,690 shares of the communications equipment provider’s stock valued at $113,000 after buying an additional 160 shares during the last quarter. Financial Architects Inc increased its stake in shares of CommScope Holding by 61.1% in the first quarter. Financial Architects Inc now owns 3,281 shares of the communications equipment provider’s stock valued at $137,000 after buying an additional 1,244 shares during the last quarter. Poplar Forest Capital LLC acquired a new stake in shares of CommScope Holding during the first quarter valued at $200,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of CommScope Holding during the first quarter valued at $203,000. 97.84% of the stock is owned by institutional investors and hedge funds.

CommScope Holding (COMM) traded down 1.08% during midday trading on Monday, reaching $34.75. The company had a trading volume of 3,879,641 shares. The company has a 50-day moving average of $37.39 and a 200-day moving average of $38.42. The stock has a market capitalization of $6.70 billion, a PE ratio of 28.09 and a beta of 1.19. CommScope Holding has a 12-month low of $28.28 and a 12-month high of $42.75.

CommScope Holding (NASDAQ:COMM) last posted its quarterly 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 had a return on equity of 36.96% and a net margin of 4.96%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, analysts predict that CommScope Holding will post $2.73 EPS for the current fiscal year.

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CommScope Holding Company Profile

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.

Analyst Recommendations for CommScope Holding (NASDAQ:COMM)

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