Shares of CommScope Holding Company, Inc. (NASDAQ:COMM – Get Rating) have received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.89.
Several analysts recently issued reports on the company. Bank of America cut CommScope from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $8.00 in a research report on Friday, March 25th. Zacks Investment Research upgraded CommScope from a “strong sell” rating to a “hold” rating and set a $14.00 price target for the company in a report on Wednesday, January 5th. JPMorgan Chase & Co. cut their price target on CommScope from $13.00 to $11.00 in a report on Thursday, January 20th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. Finally, Morgan Stanley cut their price target on CommScope from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th.
In related news, Director Derrick A. Roman bought 7,500 shares of the stock in a transaction dated Friday, February 25th. The stock was purchased at an average cost of $9.96 per share, with a total value of $74,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claudius E. Iv Watts purchased 6,000 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was bought at an average price of $8.87 per share, for a total transaction of $53,220.00. The disclosure for this purchase can be found here. Insiders bought a total of 28,500 shares of company stock valued at $251,500 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
NASDAQ:COMM opened at $6.03 on Monday. CommScope has a 12-month low of $6.00 and a 12-month high of $22.18. The stock has a 50-day moving average price of $7.66 and a 200 day moving average price of $9.42. The stock has a market capitalization of $1.23 billion, a P/E ratio of -2.36, a P/E/G ratio of 0.17 and a beta of 1.65.
CommScope (NASDAQ:COMM – Get Rating) last released its earnings results on Thursday, February 17th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.13. CommScope had a positive return on equity of 3,196.61% and a negative net margin of 5.39%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Research analysts predict that CommScope will post 1.33 EPS for the current year.
About CommScope (Get 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), Venue 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 telco and cable provider broadband market.
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