Shares of Commscope Holding Company Inc (NASDAQ:COMM) have earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.13.
Several research analysts have commented on COMM shares. Jefferies Financial Group reduced their price objective on Commscope from $28.50 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Nomura reduced their price objective on Commscope from $24.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Credit Suisse Group reduced their price objective on Commscope from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Deutsche Bank set a $28.00 price objective on Commscope and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine upgraded Commscope from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.
COMM traded down $0.06 during trading on Friday, hitting $11.57. 1,585,104 shares of the stock were exchanged, compared to its average volume of 3,558,904. The firm has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $16.07. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 5.48, a P/E/G ratio of 0.39 and a beta of 1.51. Commscope has a 1 year low of $9.52 and a 1 year high of $27.00. The company has a debt-to-equity ratio of 7.23, a quick ratio of 1.27 and a current ratio of 1.88.
In related news, Director L William Krause bought 21,250 shares of the company’s stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $11.87 per share, with a total value of $252,237.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.25% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in COMM. Steward Partners Investment Advisory LLC acquired a new stake in shares of Commscope in the 2nd quarter worth $43,000. Advisor Group Inc. boosted its position in shares of Commscope by 256.3% in the 2nd quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 3,224 shares in the last quarter. Machina Capital S.A.S. boosted its position in shares of Commscope by 174.1% in the 2nd quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 3,326 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Commscope in the 2nd quarter worth $115,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Commscope by 16.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,052 shares of the communications equipment provider’s stock worth $127,000 after purchasing an additional 1,115 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.
CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
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