Shares of Commscope Holding Company Inc (NASDAQ:COMM) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.85.
Several analysts have weighed in on COMM shares. Jefferies Financial Group raised shares of Commscope from a “hold” rating to a “buy” rating and lowered their price target for the stock from $30.50 to $28.50 in a research note on Monday, November 26th. Zacks Investment Research downgraded shares of Commscope from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 15th. BidaskClub raised shares of Commscope from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine downgraded shares of Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, Cross Research raised shares of Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th.
Commscope stock traded up $0.30 during mid-day trading on Friday, hitting $18.62. The company’s stock had a trading volume of 15,621 shares, compared to its average volume of 1,792,284. The company has a quick ratio of 1.80, a current ratio of 2.44 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $3.66 billion, a PE ratio of 9.17, a P/E/G ratio of 2.94 and a beta of 1.09. Commscope has a 12 month low of $15.09 and a 12 month high of $41.60.
Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a return on equity of 23.68% and a net margin of 4.69%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. As a group, equities analysts expect that Commscope will post 1.96 earnings per share for the current fiscal year.
In other news, CFO Alexander W. Pease acquired 40,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was purchased at an average cost of $18.70 per share, with a total value of $748,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert W. Granow purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $19.60 per share, with a total value of $78,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 76,500 shares of company stock valued at $1,442,400. Insiders own 3.35% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in COMM. AQR Capital Management LLC grew its holdings in shares of Commscope by 15.1% during the third quarter. AQR Capital Management LLC now owns 20,385 shares of the communications equipment provider’s stock valued at $627,000 after buying an additional 2,674 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Commscope by 3.1% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 99,090 shares of the communications equipment provider’s stock valued at $3,048,000 after purchasing an additional 2,960 shares during the period. United Services Automobile Association raised its position in shares of Commscope by 14.3% during the 2nd quarter. United Services Automobile Association now owns 34,074 shares of the communications equipment provider’s stock valued at $995,000 after purchasing an additional 4,271 shares during the period. Standard Life Aberdeen plc raised its position in shares of Commscope by 41.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 14,653 shares of the communications equipment provider’s stock valued at $451,000 after purchasing an additional 4,277 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Commscope during the fourth quarter valued at $72,000.
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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