Commscope Holding Company Inc (NASDAQ:COMM) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $43.00.
Several equities analysts have weighed in on the company. Northland Securities set a $28.00 price objective on Commscope and gave the company a “hold” rating in a report on Tuesday, October 17th. BidaskClub cut Commscope from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Citigroup lifted their price objective on Commscope to $45.00 and gave the company a “buy” rating in a report on Thursday, January 11th. ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Longbow Research raised Commscope from a “neutral” rating to a “buy” rating in a report on Friday, January 26th.
Commscope (NASDAQ:COMM) traded down $1.10 during trading hours on Friday, reaching $38.67. The company had a trading volume of 1,262,259 shares, compared to its average volume of 1,847,907. The firm has a market cap of $7,369.14 and a PE ratio of 39.06. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. Commscope has a 1-year low of $30.95 and a 1-year high of $42.75.
In other news, Director Frank M. Drendel sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total transaction of $570,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total value of $1,933,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 180,284 shares of company stock valued at $6,807,245 in the last three months. 3.33% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Krilogy Financial LLC raised its holdings in shares of Commscope by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Commscope during the 2nd quarter worth $235,000. Taurus Asset Management LLC acquired a new position in shares of Commscope during the 3rd quarter worth $222,000. ProShare Advisors LLC raised its holdings in shares of Commscope by 48.1% during the 2nd quarter. ProShare Advisors LLC now owns 7,207 shares of the communications equipment provider’s stock worth $274,000 after buying an additional 2,340 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of Commscope during the 4th quarter worth $276,000.
Commscope 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.
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