CommScope Holding Co (NASDAQ:COMM) has been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.00.
Several equities research analysts recently commented on the company. Barclays upgraded CommScope from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $43.00 in a research report on Wednesday, February 14th. BidaskClub lowered CommScope from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Zacks Investment Research raised CommScope from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, April 17th. Citigroup upped their price target on CommScope to $45.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Longbow Research raised CommScope from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th.
Shares of CommScope stock traded down $0.10 on Wednesday, hitting $40.76. 27,873 shares of the company’s stock traded hands, compared to its average volume of 1,540,755. CommScope has a one year low of $30.95 and a one year high of $42.75. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.69 and a quick ratio of 2.07. The firm has a market cap of $7,840.88, a price-to-earnings ratio of 20.25, a PEG ratio of 2.14 and a beta of 1.05.
CommScope (NASDAQ:COMM) last announced its earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. CommScope had a return on equity of 26.02% and a net margin of 4.25%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. sell-side analysts expect that CommScope will post 2.45 EPS for the current fiscal year.
In related news, Director Frank M. Drendel sold 58,983 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $40.22, for a total transaction of $2,372,296.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Philip Martin Armstrong, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $39.02, for a total value of $390,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,558 shares of company stock worth $5,877,278. 3.35% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of CommScope by 4.8% in the fourth quarter. Amalgamated Bank now owns 37,008 shares of the communications equipment provider’s stock worth $1,400,000 after purchasing an additional 1,699 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of CommScope by 5.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 34,652 shares of the communications equipment provider’s stock worth $1,311,000 after purchasing an additional 1,722 shares during the last quarter. Telemus Capital LLC raised its stake 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 worth $636,000 after purchasing an additional 2,575 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CommScope by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 8,703 shares of the communications equipment provider’s stock worth $329,000 after purchasing an additional 2,782 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of CommScope by 3.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 102,830 shares of the communications equipment provider’s stock worth $3,890,000 after purchasing an additional 2,990 shares during the last quarter.
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CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
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