CommScope (NASDAQ:COMM) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of CommScope (NASDAQ:COMM) from a buy rating to a strong-buy rating in a research note released on Monday morning.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CommScope currently has a consensus rating of “Hold” and an average price target of $4.75.

CommScope Stock Performance

Shares of NASDAQ COMM opened at $4.75 on Monday. The company has a market cap of $1.03 billion, a PE ratio of -1.07, a P/E/G ratio of 0.41 and a beta of 2.06. The firm’s 50 day moving average price is $4.61 and its 200-day moving average price is $5.10. CommScope has a 52-week low of $0.92 and a 52-week high of $7.19.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned ($0.08) EPS. CommScope’s revenue was up 23.5% on a year-over-year basis. On average, analysts forecast that CommScope will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new stake in CommScope during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC lifted its stake in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 4,026 shares during the period. Sciencast Management LP purchased a new stake in CommScope in the 4th quarter worth $56,000. Finally, Ballentine Partners LLC bought a new stake in CommScope during the fourth quarter valued at about $58,000. Institutional investors own 88.04% of the company’s stock.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.