Weekly Research Analysts’ Ratings Updates for Commscope (COMM)

Commscope (NASDAQ: COMM) recently received a number of ratings updates from brokerages and research firms:

  • 8/16/2019 – Commscope was downgraded by analysts at TheStreet from a “c” rating to a “d” rating.
  • 8/9/2019 – Commscope had its price target lowered by analysts at Credit Suisse Group AG from $27.00 to $23.00. They now have an “outperform” rating on the stock.
  • 8/9/2019 – Commscope had its price target lowered by analysts at Bank of America Corp from $26.00 to $16.00. They now have a “neutral” rating on the stock.
  • 8/9/2019 – Commscope was given a new $28.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 8/9/2019 – Commscope had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $22.50 price target on the stock. They wrote, “We believe that weakness was well known and fully priced into the shares heading in, and while our FY20 numbers come down, we continue to find the shares compellingly valued in front of multi year 5G, optical transport/backhaul and Remote PHY upgrades likely to gain steam in CY20.””
  • 8/9/2019 – Commscope had its price target lowered by analysts at Jefferies Financial Group Inc from $28.50 to $16.00. They now have a “buy” rating on the stock.
  • 8/9/2019 – Commscope had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $16.00 price target on the stock. They wrote, “We reduce our 12-month price target to $16 and maintain a buy rating. We believe COMM stock can see appreciation with strong execution, but the acquired dilution from Arris now appears a sizable anchor for the company.””
  • 7/23/2019 – Commscope was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/23/2019 – Commscope had its price target lowered by analysts at Credit Suisse Group AG from $30.00 to $27.00. They now have an “outperform” rating on the stock.
  • 6/27/2019 – Commscope had its price target lowered by analysts at Nomura from $24.00 to $17.00. They now have a “neutral” rating on the stock.

Shares of COMM traded up $0.15 on Thursday, reaching $10.96. The stock had a trading volume of 103,343 shares, compared to its average volume of 4,313,391. The firm has a market capitalization of $2.19 billion, a PE ratio of 5.19, a PEG ratio of 0.35 and a beta of 1.43. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 7.23. The firm has a 50-day moving average of $13.85 and a 200 day moving average of $19.17. Commscope Holding Company Inc has a twelve month low of $10.13 and a twelve month high of $31.96.

Commscope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Commscope had a positive return on equity of 25.08% and a negative net margin of 5.03%. The company’s revenue was up 107.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, sell-side analysts anticipate that Commscope Holding Company Inc will post 1.96 earnings per share for the current fiscal year.

In related news, Director Frank M. Drendel sold 80,800 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $15.84, for a total value of $1,279,872.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.25% of the company’s stock.

A number of large investors have recently made changes to their positions in COMM. Maverick Capital Ltd. grew its holdings in Commscope by 84.4% during the 2nd quarter. Maverick Capital Ltd. now owns 18,511,826 shares of the communications equipment provider’s stock valued at $291,191,000 after buying an additional 8,470,190 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Commscope during the 2nd quarter worth $23,921,000. First Trust Advisors LP lifted its stake in shares of Commscope by 367.4% during the 1st quarter. First Trust Advisors LP now owns 1,377,063 shares of the communications equipment provider’s stock worth $29,924,000 after purchasing an additional 1,082,465 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Commscope by 26.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,922,583 shares of the communications equipment provider’s stock worth $77,406,000 after purchasing an additional 1,043,254 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Commscope during the 2nd quarter worth $9,438,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.

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.

Featured Story: Understanding Stock Ratings

Receive News & Ratings for Commscope Holding Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope Holding Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.