CommScope Holding Company, Inc. (NASDAQ:COMM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other brokerages have also commented on COMM. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of CommScope Holding in a research note on Friday, March 31st. Zacks Investment Research raised CommScope Holding from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG upped their price target on CommScope Holding from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Barclays PLC upped their price target on CommScope Holding from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, April 12th. Finally, Instinet began coverage on CommScope Holding in a research note on Thursday, May 25th. They issued a “buy” rating and a $45.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.20.

CommScope Holding (NASDAQ COMM) traded up 0.06% during mid-day trading on Wednesday, reaching $35.28. The company’s stock had a trading volume of 1,329,805 shares. CommScope Holding has a 12-month low of $28.28 and a 12-month high of $42.75. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 28.52 and a beta of 1.19. The firm’s 50 day moving average price is $37.27 and its 200 day moving average price is $38.38.

CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 EPS for the quarter, beating 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that CommScope Holding will post $2.72 earnings per share for the current year.

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In other CommScope Holding news, SVP Peter U. Karlsson sold 7,370 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available at the SEC website. Also, Director Frank M. Drendel sold 15,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was 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. Insiders sold a total of 37,370 shares of company stock worth $1,487,426 in the last quarter. Company insiders own 3.33% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Utah Retirement Systems increased its stake in shares of CommScope Holding by 0.4% in the first quarter. Utah Retirement Systems now owns 23,300 shares of the communications equipment provider’s stock valued at $972,000 after buying an additional 100 shares during the period. 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 period. Financial Architects Inc increased its stake in shares of CommScope Holding by 9.8% in the second quarter. Financial Architects Inc now owns 3,603 shares of the communications equipment provider’s stock valued at $137,000 after buying an additional 322 shares during the period. Toth Financial Advisory Corp increased its stake in shares of CommScope Holding by 1.5% in the first quarter. Toth Financial Advisory Corp now owns 28,760 shares of the communications equipment provider’s stock valued at $1,200,000 after buying an additional 425 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 period. Institutional investors own 97.84% of the company’s stock.

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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