Brokerages Set CommScope Holding Company, Inc. (NASDAQ:COMM) Price Target at $4.88

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have earned an average rating of "Reduce" from the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.88.

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a research note on Tuesday, June 24th. Finally, Wolfe Research assumed coverage on shares of CommScope in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock.

CommScope Trading Up 8.3%

NASDAQ COMM traded up $0.63 during trading hours on Friday, hitting $8.22. 4,922,276 shares of the company's stock traded hands, compared to its average volume of 5,095,174. The business's fifty day moving average price is $6.83 and its two-hundred day moving average price is $5.56. The firm has a market capitalization of $1.78 billion, a P/E ratio of 3.01, a P/E/G ratio of 0.22 and a beta of 2.38. CommScope has a 52 week low of $1.65 and a 52 week high of $8.67.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. CommScope had a net margin of 16.89% and a negative return on equity of 4.51%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The company's revenue for the quarter was up 23.5% on a year-over-year basis. On average, sell-side analysts expect that CommScope will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On CommScope

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of CommScope by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock worth $118,542,000 after purchasing an additional 694,363 shares during the period. Deutsche Bank AG grew its stake in shares of CommScope by 8.2% during the 1st quarter. Deutsche Bank AG now owns 10,050,618 shares of the communications equipment provider's stock worth $53,369,000 after purchasing an additional 761,605 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of CommScope by 244.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider's stock worth $50,437,000 after purchasing an additional 6,743,929 shares during the period. Apollo Management Holdings L.P. acquired a new stake in CommScope in the 1st quarter valued at about $32,806,000. Finally, Geode Capital Management LLC grew its stake in CommScope by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock valued at $26,715,000 after acquiring an additional 14,576 shares during the last quarter. 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.