CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $4.75 Average PT from Analysts

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has received a consensus recommendation of "Reduce" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $4.75.

Several research analysts have recently issued reports on the company. Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th.

CommScope Price Performance

CommScope stock traded down $0.41 during midday trading on Friday, reaching $5.63. The company's stock had a trading volume of 6,862,402 shares, compared to its average volume of 5,144,622. The stock's 50-day simple moving average is $4.65 and its 200-day simple moving average is $5.06. CommScope has a 52-week low of $1.05 and a 52-week high of $7.19. The stock has a market capitalization of $1.22 billion, a P/E ratio of -1.27, a PEG ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business posted ($0.08) earnings per share. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities research analysts expect that CommScope will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COMM. SG Americas Securities LLC raised its position in CommScope by 130.6% during the fourth quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after acquiring an additional 25,855 shares in the last quarter. AA Financial Advisors LLC raised its position in CommScope by 5.8% during the fourth quarter. AA Financial Advisors LLC now owns 543,660 shares of the communications equipment provider's stock valued at $2,832,000 after acquiring an additional 30,000 shares in the last quarter. Rhumbline Advisers raised its position in CommScope by 7.0% during the fourth quarter. Rhumbline Advisers now owns 361,637 shares of the communications equipment provider's stock valued at $1,884,000 after acquiring an additional 23,813 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in CommScope during the fourth quarter valued at approximately $547,000. Finally, Versor Investments LP purchased a new position in CommScope during the fourth quarter valued at approximately $86,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

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.