CommScope Holding Company, Inc. (NASDAQ:COMM) Receives $4.27 Consensus Target Price from Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has received an average recommendation of “Reduce” from the eight research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $4.27.

Several brokerages have weighed in on COMM. Northland Securities restated a “market perform” rating on shares of CommScope in a research note on Friday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of CommScope in a research note on Monday, March 4th. StockNews.com downgraded shares of CommScope from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Bank of America lowered their price objective on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating for the company in a research note on Wednesday, March 13th.

Insider Buying and Selling

In other news, Director L William Krause bought 57,300 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $1.59 per share, for a total transaction of $91,107.00. Following the acquisition, the director now directly owns 227,873 shares of the company’s stock, valued at approximately $362,318.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of CommScope

A number of institutional investors and hedge funds have recently bought and sold shares of COMM. Quadrature Capital Ltd purchased a new stake in CommScope during the 4th quarter worth about $198,000. Price T Rowe Associates Inc. MD increased its stake in CommScope by 231.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 520,446 shares of the communications equipment provider’s stock valued at $1,469,000 after purchasing an additional 363,252 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in CommScope by 49.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 16,514 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 5,452 shares in the last quarter. Barclays PLC lifted its position in shares of CommScope by 278.0% during the 4th quarter. Barclays PLC now owns 329,575 shares of the communications equipment provider’s stock worth $929,000 after buying an additional 242,390 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of CommScope by 139.2% during the 4th quarter. Vident Advisory LLC now owns 124,331 shares of the communications equipment provider’s stock worth $351,000 after buying an additional 72,344 shares during the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Stock Performance

Shares of NASDAQ:COMM opened at $1.16 on Monday. The firm has a market cap of $246.20 million, a PE ratio of -0.16 and a beta of 1.98. The firm’s 50 day simple moving average is $1.71 and its 200-day simple moving average is $2.13. CommScope has a one year low of $0.89 and a one year high of $6.65.

CommScope (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.53 billion. CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. Equities research analysts predict that CommScope will post -0.29 EPS for the current fiscal year.

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.