Brokerages Set CommScope Holding Company, Inc. (NASDAQ:COMM) Price Target at $4.02

Shares of CommScope Holding Company, Inc. (NASDAQ:COMMGet Free Report) have been given an average recommendation of “Reduce” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.02.

COMM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of CommScope in a research note on Monday, March 4th. Bank of America reduced their price target on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 13th. Northland Securities reissued a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. Finally, StockNews.com raised shares of CommScope from a “sell” rating to a “hold” rating in a research report on Wednesday.

Get Our Latest Research Report on CommScope

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of CommScope by 22.0% during the fourth quarter. Victory Capital Management Inc. now owns 27,568 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 4,978 shares in the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of CommScope by 30.4% in the 4th quarter. Stoneridge Investment Partners LLC now owns 23,813 shares of the communications equipment provider’s stock valued at $67,000 after acquiring an additional 5,553 shares during the period. Mackenzie Financial Corp raised its position in shares of CommScope by 55.3% in the 4th quarter. Mackenzie Financial Corp now owns 19,514 shares of the communications equipment provider’s stock worth $55,000 after acquiring an additional 6,949 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of CommScope by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 73,992 shares of the communications equipment provider’s stock worth $249,000 after purchasing an additional 9,432 shares during the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in CommScope during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Trading Up 6.7 %

CommScope stock opened at $1.27 on Friday. The firm has a market capitalization of $269.59 million, a PE ratio of -0.14 and a beta of 2.07. CommScope has a 12-month low of $0.86 and a 12-month high of $6.65. The firm has a 50-day moving average price of $1.19 and a 200-day moving average price of $1.71.

CommScope (NASDAQ:COMMGet Free Report) last announced its earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.14. CommScope had a negative return on equity of 1.75% and a negative net margin of 30.88%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, sell-side analysts predict that CommScope will post -0.17 earnings per share for the current fiscal year.

About CommScope

(Get Free Report

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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Analyst Recommendations for CommScope (NASDAQ:COMM)

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