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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.88.

A number of research analysts recently commented on COMM shares. 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 report on Tuesday. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in 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 last quarter. Deutsche Bank AG lifted its stake in shares of CommScope by 8.2% in the 1st quarter. Deutsche Bank AG now owns 10,050,618 shares of the communications equipment provider's stock worth $53,369,000 after acquiring an additional 761,605 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of CommScope by 244.8% in 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 acquiring an additional 6,743,929 shares during the period. Apollo Management Holdings L.P. acquired a new stake in shares of CommScope in the 1st quarter worth $32,806,000. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $26,715,000 after acquiring an additional 14,576 shares during the period. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Stock Up 13.5%

CommScope stock opened at $7.33 on Wednesday. The firm has a market cap of $1.59 billion, a PE ratio of 2.68, a price-to-earnings-growth ratio of 0.26 and a beta of 2.29. CommScope has a 52-week low of $1.05 and a 52-week high of $7.44. The company's 50 day moving average is $5.28 and its two-hundred day moving average is $5.21.

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

About CommScope

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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