CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• CommScope Holding Company, Inc. has received a consensus rating of "Moderate Buy" from nine brokerages, with target prices averaging $14.75.
• Analysts have recently upgraded CommScope's ratings, with Bank of America raising its target price significantly from $4.00 to $20.00.
• CommScope's stock has shown a 31.7% increase in revenue year-over-year, with an earnings per share (EPS) of $0.44, surpassing analyst expectations.

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.75.

A number of research analysts recently issued reports on the company. Bank of America raised CommScope from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $4.00 to $20.00 in a report on Thursday, August 7th. Northland Securities set a $20.00 price target on CommScope in a research report on Tuesday, August 5th. Raymond James Financial upgraded CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 price target for the company in a research report on Tuesday, August 5th. Citigroup upgraded CommScope to an "outperform" rating in a research report on Monday, August 4th. Finally, Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th.

Hedge Funds Weigh In On CommScope

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in CommScope during the 4th quarter worth about $2,509,000. Public Employees Retirement System of Ohio boosted its position in CommScope by 233.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,299 shares of the communications equipment provider's stock worth $424,000 after acquiring an additional 56,916 shares during the period. California State Teachers Retirement System boosted its position in CommScope by 1,219.1% during the 4th quarter. California State Teachers Retirement System now owns 201,759 shares of the communications equipment provider's stock worth $1,051,000 after acquiring an additional 186,464 shares during the period. GAMMA Investing LLC boosted its position in CommScope by 717.7% during the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider's stock worth $85,000 after acquiring an additional 14,066 shares during the period. Finally, Range Financial Group LLC acquired a new stake in CommScope during the 1st quarter worth about $1,018,000. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Stock Down 2.3%

NASDAQ:COMM opened at $15.63 on Friday. The business's 50-day moving average price is $14.88 and its 200 day moving average price is $8.89. The firm has a market cap of $3.46 billion, a P/E ratio of 5.88, a PEG ratio of 0.55 and a beta of 2.42. CommScope has a 52-week low of $2.94 and a 52-week high of $17.13.

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

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.

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