CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have been given an average rating of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.75.

A number of equities analysts have commented on COMM shares. Citigroup upgraded shares of CommScope to an "outperform" rating in a research report on Monday, August 4th. Bank of America upgraded shares of CommScope from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $4.00 to $20.00 in a research report on Thursday, August 7th. Northland Capmk upgraded shares of CommScope from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Finally, Northland Securities set a $20.00 price objective on shares of CommScope in a research report on Tuesday, August 5th.

CommScope Price Performance

Shares of NASDAQ:COMM traded down $0.47 on Monday, reaching $16.12. The company's stock had a trading volume of 1,689,093 shares, compared to its average volume of 6,063,379. The stock's 50-day moving average is $12.42 and its two-hundred day moving average is $7.80. CommScope has a 52-week low of $2.94 and a 52-week high of $16.83. The stock has a market capitalization of $3.57 billion, a P/E ratio of 6.06, a PEG ratio of 0.56 and a beta of 2.47.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The business's revenue was up 31.7% compared to the same quarter last year. Equities analysts forecast that CommScope will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CommScope

Large investors have recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in CommScope in the 1st quarter valued at about $34,000. Tower Research Capital LLC TRC grew its stake 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 valued at $52,000 after acquiring an additional 4,026 shares during the last quarter. Caliber Wealth Management LLC KS acquired a new stake in CommScope in the 1st quarter valued at about $57,000. KBC Group NV acquired a new stake in CommScope in the 1st quarter valued at about $65,000. Finally, West Michigan Advisors LLC acquired a new stake in CommScope in the 2nd quarter valued at about $83,000. 88.04% of the stock is owned by institutional investors and hedge funds.

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.