Commscope Holding Company Inc (NASDAQ:COMM) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $22.62.
A number of research firms recently issued reports on COMM. BidaskClub lowered Commscope from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Zacks Investment Research lowered Commscope from a “strong-buy” rating to a “sell” rating and set a $17.00 target price for the company. in a report on Tuesday, June 4th. Goldman Sachs Group upgraded Commscope from a “neutral” rating to a “buy” rating and decreased their target price for the company from $20.00 to $19.00 in a report on Thursday, June 20th. Credit Suisse Group decreased their target price on Commscope from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. began coverage on Commscope in a report on Monday, April 22nd. They issued an “overweight” rating for the company.
In other Commscope news, COO Bruce William Mcclelland purchased 3,500 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $18.00 per share, for a total transaction of $63,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank M. Drendel sold 80,800 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $18.35, for a total value of $1,482,680.00. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.
Shares of COMM traded down $0.06 during midday trading on Tuesday, hitting $13.29. 3,316,350 shares of the stock were exchanged, compared to its average volume of 2,658,083. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.31 and a beta of 1.43. The stock’s fifty day moving average is $15.20. Commscope has a 52-week low of $12.92 and a 52-week high of $31.98. The company has a current ratio of 2.01, a quick ratio of 1.42 and a debt-to-equity ratio of 4.28.
Commscope (NASDAQ:COMM) last released its earnings results on Thursday, May 9th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Commscope had a return on equity of 23.46% and a net margin of 2.29%. Commscope’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. As a group, equities research analysts anticipate that Commscope will post 2.24 earnings per share for the current fiscal year.
Commscope Company Profile
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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