Commscope Holding Company Inc (COMM) Given Consensus Rating of “Buy” by Brokerages

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.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. equities research analysts predict that Commscope will post 2.01 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Commscope (NASDAQ:COMM)

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