Brokerages set CommScope Holding Company, Inc. (NASDAQ:COMM) target price at $14.45

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CommScope Holding Company, Inc. (NASDAQ: COMMGet a rating) received an average rating of “Hold” from the thirteen rating agencies that currently cover the company, Marketbeat.com reports. Two investment analysts rated the stock with a sell recommendation, six gave the company a hold recommendation and three gave the company a buy recommendation. The 1-year average target price among analysts who have reported on the stock in the past year is $11.44.

A number of research companies have recently commented on COMM. Northland Securities downgraded CommScope shares from an “outperform” rating to a “market performer” rating in a Wednesday, Dec. 15 research report. StockNews.com began covering CommScope shares in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. JPMorgan Chase & Co. lowered its price target on CommScope shares from $13.00 to $11.00 in a Thursday, January 20 research report. Goldman Sachs Group cut CommScope shares from a “buy” rating to a “neutral” rating and lowered its price target for the company from $18.00 to $9.00 in a Friday research report April 1st. Finally, Credit Suisse Group raised its price target on CommScope shares from $10.00 to $11.00 and gave the company a “neutral” rating in a Friday, Feb. 18 research report.

Separately, director Derrick A. Roman purchased 7,500 shares of the company in a trade on Friday, February 25. The shares were purchased at an average price of $9.96 per share, for a total transaction of $74,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Also, director Claudius E. IV Watts bought 6,000 shares of the company in a trade on Thursday, March 10. The stock was purchased at an average price of $7.26 per share, for a total transaction of $43,560.00. Disclosure of this purchase can be found here. Insiders have purchased 28,500 shares of the company worth $251,500 over the past three months. 2.40% of the shares are currently held by insiders.

Several large investors have recently changed their stake in the company. Arizona State Retirement System increased its holdings of CommScope stock by 1.8% during the third quarter. Arizona State Retirement System now owns 55,589 shares of the communications equipment provider worth $755,000 after purchasing an additional 997 shares during the period. First Republic Investment Management Inc. increased its stake in CommScope by 2.0% during the fourth quarter. First Republic Investment Management Inc. now owns 55,999 shares of the communications equipment provider worth $618,000 after buying an additional 1,122 shares in the last quarter. Pitcairn Co. increased its stake in CommScope by 4.9% during the third quarter. Pitcairn Co. now owns 24,215 shares of the communications equipment provider worth $329,000 after buying an additional 1,142 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in CommScope by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 31,192 shares of the communications equipment provider worth $424,000 after buying 1,417 additional shares in the last quarter. Finally, Huntington National Bank increased its stake in CommScope by 140.9% during the third quarter. Huntington National Bank now owns 2,631 shares of the communications equipment provider worth $36,000 after buying an additional 1,539 shares in the last quarter. Institutional investors hold 87.30% of the company’s shares.

Shares of COMMUNICATION traded down $0.06 on Thursday, hitting $6.60. The company’s stock had a trading volume of 356,258 shares, compared to an average trading volume of 4,969,311 shares. The company has a market capitalization of $1.35 billion, a PE ratio of -2.70, a PEG ratio of 0.19 and a beta of 1.65. CommScope has a fifty-two week minimum of $6.40 and a fifty-two week maximum of $22.18. The company has a 50-day moving average price of $8.51 and a 200-day moving average price of $10.04.

CommScope (NASDAQ: COMMGet a rating) last released its quarterly earnings data on Thursday, February 17. The communications equipment provider reported earnings per share (EPS) of $0.23 for the quarter, beating the consensus estimate of $0.10 by $0.13. CommScope recorded a positive return on equity of 3,196.61% and a negative net margin of 5.39%. The company posted revenue of $2.22 billion for the quarter, versus a consensus estimate of $2.04 billion. In the same quarter of the previous year, the company achieved EPS of $0.49. The company’s revenue for the quarter increased by 4.3% compared to the same quarter last year. On average, research analysts predict CommScope will post 1.37 earnings per share for the current fiscal year.

CommScope Company Profile (Get a rating)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Site and Campus Networks (VCN) and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products and hardened closures to the broadband market of telecommunications operators and cable companies.

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Analyst Recommendations for CommScope (NASDAQ: COMM)



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