Commscope Holding Company Inc (NASDAQ:COMM) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 6,860,915 shares, a decline of 29.5% from the January 12th total of 9,736,110 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average trading volume of 2,030,510 shares, the short-interest ratio is currently 3.4 days.
COMM has been the topic of a number of recent analyst reports. Northland Securities set a $28.00 price target on shares of Commscope and gave the company a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, October 19th. Citigroup boosted their price target on shares of Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. ValuEngine lowered shares of Commscope from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, BidaskClub upgraded shares of Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Commscope has an average rating of “Buy” and a consensus price target of $40.80.
In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.01, for a total transaction of $200,844.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,284 shares of company stock worth $6,807,245. 3.33% of the stock is owned by company insiders.
Commscope (COMM) opened at $37.30 on Tuesday. Commscope has a 12-month low of $30.95 and a 12-month high of $42.75. The stock has a market cap of $7,070.00, a P/E ratio of 37.68, a PEG ratio of 2.34 and a beta of 1.13. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78.
Commscope Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.