CommScope (NASDAQ:COMM) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• CommScope's stock received a "Hold (C)" rating from Weiss Ratings, indicating a neutral outlook from analysts on the company's performance.
• Following recent changes in ratings, the consensus target price for CommScope is $14.75, with an average rating of "Moderate Buy".
• CommScope reported a 31.7% increase in quarterly revenue year-over-year, posting earnings of $0.44 per share, exceeding analyst expectations.

CommScope (NASDAQ:COMM - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on COMM. Zacks Research cut CommScope from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Morgan Stanley upgraded CommScope from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $4.00 to $17.00 in a 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 on the stock in a report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of CommScope from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $14.75.

CommScope Stock Down 0.3%

CommScope stock traded down $0.05 during mid-day trading on Friday, reaching $15.81. 2,491,255 shares of the company's stock traded hands, compared to its average volume of 4,043,610. CommScope has a 12-month low of $2.94 and a 12-month high of $17.13. The stock has a 50 day moving average of $15.84 and a two-hundred day moving average of $10.04. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 0.55 and a beta of 2.42.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.27 billion. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. CommScope's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. As a group, sell-side analysts forecast that CommScope will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CommScope during the first quarter worth approximately $143,000. Cavalier Investments LLC purchased a new position in shares of CommScope during the first quarter valued at $1,057,000. KBC Group NV purchased a new position in CommScope during the first quarter valued at approximately $65,000. WCM Investment Management LLC purchased a new position in shares of CommScope in the 1st quarter valued at $86,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of CommScope in the 1st quarter valued at $258,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

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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