Shares of Commscope Holding Company Inc (NASDAQ:COMM) have earned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $42.63.
A number of brokerages have recently issued reports on COMM. Citigroup reiterated a “buy” rating and set a $47.00 price target (up from $45.00) on shares of Commscope in a research note on Friday, March 9th. BidaskClub upgraded shares of Commscope from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Northland Securities reiterated a “hold” rating and set a $33.00 price target on shares of Commscope in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, February 20th. Finally, Longbow Research upgraded shares of Commscope from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th.
In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $40.03, for a total value of $2,001,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank M. Drendel sold 58,983 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $40.22, for a total transaction of $2,372,296.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,558 shares of company stock worth $8,380,578. 3.33% of the stock is owned by insiders.
Shares of COMM stock traded down $0.72 during trading on Friday, hitting $38.94. 962,733 shares of the stock were exchanged, compared to its average volume of 1,432,205. Commscope has a twelve month low of $30.95 and a twelve month high of $42.75. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $7,610.61, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.09.
Commscope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Commscope had a net margin of 4.25% and a return on equity of 26.02%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. equities analysts forecast that Commscope will post 2.45 EPS for the current fiscal year.
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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.
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