Shares of Commscope Holding Company Inc (NASDAQ:COMM) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.50.
A number of equities analysts have weighed in on the company. Credit Suisse Group decreased their target price on Commscope from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. TheStreet lowered Commscope from a “c” rating to a “d” rating in a research note on Friday, August 16th. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a research note on Friday, November 8th. Deutsche Bank set a $28.00 target price on Commscope and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group decreased their target price on Commscope from $28.50 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.
Shares of NASDAQ:COMM traded down $0.14 during midday trading on Thursday, reaching $14.36. 2,842,100 shares of the company traded hands, compared to its average volume of 3,305,101. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.68 and a beta of 1.52. The company has a quick ratio of 1.29, a current ratio of 1.86 and a debt-to-equity ratio of 8.34. The firm’s fifty day moving average price is $12.32 and its two-hundred day moving average price is $14.25. Commscope has a 12 month low of $9.52 and a 12 month high of $27.00.
In other news, Director L William Krause acquired 21,250 shares of Commscope stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $11.87 per share, for a total transaction of $252,237.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.25% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Commscope during the 2nd quarter valued at about $43,000. Advisor Group Inc. increased its position in shares of Commscope by 256.3% during the 2nd quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 3,224 shares during the last quarter. Machina Capital S.A.S. increased its position in shares of Commscope by 174.1% during the 2nd quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 3,326 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Commscope during the 2nd quarter valued at about $115,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Commscope by 27.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,289 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 2,237 shares during the last quarter.
Commscope Company Profile
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.
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