CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Consensus Rating of "Reduce" from Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) has been assigned a consensus rating of "Reduce" from the five brokerages that are currently covering the company, Marketbeat.com 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 target price among analysts that have covered the stock in the last year is $4.88.

COMM has been the subject of a number of research reports. 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 note on Tuesday. Wall Street Zen lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th.

CommScope Trading Up 0.1%

Shares of COMM traded up $0.01 during trading hours on Wednesday, reaching $8.20. 9,906,387 shares of the company traded hands, compared to its average volume of 5,153,197. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 3.00, a PEG ratio of 0.33 and a beta of 2.29. CommScope has a 12-month low of $1.05 and a 12-month high of $8.39. The stock's fifty day moving average price is $5.56 and its 200 day moving average price is $5.26.

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

Institutional Trading of CommScope

A number of hedge funds have recently added to or reduced their stakes in COMM. Goldman Sachs Group Inc. lifted its stake in CommScope by 244.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider's stock worth $50,437,000 after acquiring an additional 6,743,929 shares during the period. Apollo Management Holdings L.P. bought a new position in CommScope in the first quarter worth about $32,806,000. Deutsche Bank AG raised its holdings in CommScope by 182.2% in the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock worth $48,396,000 after purchasing an additional 5,996,931 shares in the last quarter. LMR Partners LLP bought a new position in CommScope in the fourth quarter worth about $14,328,000. Finally, Nuveen LLC bought a new position in CommScope in the first quarter worth about $13,507,000. 88.04% of the stock is 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.