BidaskClub lowered shares of Commscope (NASDAQ:COMM) from a buy rating to a hold rating in a research note published on Thursday, January 4th.

A number of other equities analysts have also issued reports on COMM. Citigroup boosted their target price on shares of Commscope from $39.00 to $40.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Northland Securities set a $28.00 price target on shares of Commscope and gave the stock a hold rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Commscope from a hold rating to a buy rating and set a $36.00 target price on the stock in a research note on Thursday, October 19th. Jefferies Group restated a buy rating and issued a $40.00 target price on shares of Commscope in a research note on Wednesday, September 20th. Finally, ValuEngine upgraded shares of Commscope from a hold rating to a buy rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Commscope has a consensus rating of Buy and a consensus price target of $40.80.

Commscope (COMM) opened at $38.99 on Thursday. Commscope has a 52-week low of $30.95 and a 52-week high of $42.75. The firm has a market cap of $7,411.11, a P/E ratio of 39.38, a P/E/G ratio of 2.54 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93.

Commscope (NASDAQ:COMM) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. equities analysts expect that Commscope will post 2.01 EPS for the current year.

In other news, Director Frank M. Drendel sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $570,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank M. Drendel sold 60,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $38.01, for a total value of $2,280,600.00. The disclosure for this sale can be found here. Insiders sold a total of 180,284 shares of company stock valued at $6,807,245 over the last quarter. 3.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COMM. Bank of New York Mellon Corp raised its stake in Commscope by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 830,032 shares of the communications equipment provider’s stock valued at $31,567,000 after acquiring an additional 9,234 shares during the period. Comerica Bank raised its stake in Commscope by 55.8% in the 2nd quarter. Comerica Bank now owns 8,046 shares of the communications equipment provider’s stock valued at $285,000 after acquiring an additional 2,883 shares during the period. KBC Group NV bought a new stake in Commscope in the 2nd quarter valued at $539,000. GAM Holding AG bought a new stake in Commscope in the 2nd quarter valued at $361,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Commscope by 14.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 14,192 shares of the communications equipment provider’s stock valued at $541,000 after acquiring an additional 1,767 shares during the period.

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Commscope Company Profile

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

Analyst Recommendations for Commscope (NASDAQ:COMM)

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