Shares of Commscope Holding Company Inc (NASDAQ:COMM) have been given a consensus rating of “Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $42.38.
A number of research analysts recently weighed in on COMM shares. Jefferies Group reissued a “buy” rating and issued a $40.00 price objective on shares of Commscope in a research note on Wednesday, September 20th. Citigroup raised their price objective on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Commscope from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, October 19th. ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Northland Securities reissued a “hold” rating on shares of Commscope in a research note on Friday, November 10th.
In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank M. Drendel sold 5,284 shares of Commscope stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.01, for a total value of $200,844.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,284 shares of company stock worth $4,303,945. Company insiders own 3.33% of the company’s stock.
Several large investors have recently made changes to their positions in COMM. Aperio Group LLC grew its holdings in shares of Commscope by 89.8% during the 2nd quarter. Aperio Group LLC now owns 19,926 shares of the communications equipment provider’s stock worth $758,000 after purchasing an additional 9,427 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Commscope by 9.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,494 shares of the communications equipment provider’s stock worth $399,000 after purchasing an additional 922 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Commscope by 197.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 62,867 shares of the communications equipment provider’s stock worth $2,388,000 after purchasing an additional 41,701 shares in the last quarter. Pictet Asset Management Ltd. acquired a new stake in shares of Commscope during the 2nd quarter worth approximately $2,345,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Commscope during the 2nd quarter worth approximately $977,000.
Commscope (NASDAQ COMM) traded up $0.01 on Thursday, hitting $37.83. The stock had a trading volume of 2,482,500 shares, compared to its average volume of 1,999,275. Commscope has a 52 week low of $30.95 and a 52 week high of $42.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. The stock has a market cap of $7,210.00, a P/E ratio of 17.46, a PEG ratio of 2.94 and a beta of 1.20.
Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.81 EPS. The business’s quarterly revenue was down 12.8% on a year-over-year basis. equities analysts forecast that Commscope will post 2.01 earnings per share for the current year.
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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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