CommScope (NASDAQ:COMM) Downgraded to Buy Rating by StockNews.com

CommScope (NASDAQ:COMM - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

COMM has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.75.

CommScope Stock Performance

Shares of CommScope stock traded up $0.17 during trading on Tuesday, reaching $5.88. The company had a trading volume of 4,370,846 shares, compared to its average volume of 5,014,285. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -1.33, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06. CommScope has a fifty-two week low of $1.05 and a fifty-two week high of $7.19. The firm's fifty day moving average is $4.52 and its 200-day moving average is $5.06.

CommScope (NASDAQ:COMM - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted ($0.08) EPS. CommScope's quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts anticipate that CommScope will post -0.24 EPS for the current fiscal year.

Institutional Trading of CommScope

Several hedge funds have recently bought and sold shares of COMM. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $50,437,000 after purchasing an additional 6,743,929 shares during the period. Apollo Management Holdings L.P. bought a new position in CommScope in the 1st quarter worth approximately $32,806,000. Deutsche Bank AG increased its position in CommScope by 182.2% in the 4th quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock valued at $48,396,000 after acquiring an additional 5,996,931 shares during the period. LMR Partners LLP bought a new stake in CommScope during the 4th quarter valued at $14,328,000. Finally, Nuveen LLC bought a new stake in CommScope during the 1st quarter valued at $13,507,000. 88.04% of the stock is currently owned by institutional investors.

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.