CommScope (NASDAQ:COMM) Trading Up 6.9% - Should You Buy?

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report)'s share price was up 6.9% during mid-day trading on Wednesday . The company traded as high as $6.09 and last traded at $6.10. Approximately 2,418,513 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 5,329,438 shares. The stock had previously closed at $5.70.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CommScope currently has a consensus rating of "Hold" and an average target price of $4.75.

CommScope Trading Up 5.4%

The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 2.20, a PEG ratio of 0.23 and a beta of 2.29. The company has a 50 day moving average price of $4.99 and a 200 day moving average price of $5.16.

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, topping analysts' consensus estimates of $0.07 by $0.07. CommScope had a negative return on equity of 4.51% and a net margin of 16.89%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned ($0.08) earnings per share. The company's revenue was up 23.5% on a year-over-year basis. Equities analysts predict that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On CommScope

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position 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 valued at $50,437,000 after acquiring an additional 6,743,929 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of CommScope during the first quarter worth $32,806,000. Deutsche Bank AG increased 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 valued at $48,396,000 after purchasing an additional 5,996,931 shares during the last quarter. LMR Partners LLP acquired a new position in CommScope in the fourth quarter valued at about $14,328,000. Finally, Nuveen LLC bought a new position in CommScope during the first quarter worth about $13,507,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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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