Commscope Holding Company Inc (COMM) Given Average Rating of “Buy” by Analysts

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.

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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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. AMP Capital Investors Ltd lifted its holdings in shares of Commscope by 64.7% in the third quarter. AMP Capital Investors Ltd now owns 72,036 shares of the communications equipment provider’s stock valued at $2,391,000 after purchasing an additional 28,300 shares in the last quarter. Telemus Capital LLC lifted its holdings in shares of Commscope by 18.1% in the fourth quarter. Telemus Capital LLC now owns 16,825 shares of the communications equipment provider’s stock valued at $636,000 after purchasing an additional 2,575 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Commscope by 19.6% in the fourth quarter. Sei Investments Co. now owns 289,211 shares of the communications equipment provider’s stock valued at $10,940,000 after purchasing an additional 47,445 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Commscope by 19.9% in the fourth quarter. First Republic Investment Management Inc. now owns 147,250 shares of the communications equipment provider’s stock valued at $5,570,000 after purchasing an additional 24,427 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Commscope by 35.3% in the third quarter. Mackenzie Financial Corp now owns 19,913 shares of the communications equipment provider’s stock valued at $661,000 after purchasing an additional 5,191 shares in the last quarter.

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.

Analyst Recommendations for Commscope (NASDAQ:COMM)

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