CommScope (NASDAQ:COMM) Shares Gap Up to $15.42


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CommScope Holding Company, Inc. (NASDAQ:COMM)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $15.42, but opened at $16.25. CommScope shares last traded at $16.37, with a volume of 27,094 shares traded.

COMM has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on shares of CommScope from $11.00 to $14.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of CommScope from a “neutral” rating to a “sell” rating and set a $12.00 target price on the stock. in a research note on Monday, December 21st. TheStreet upgraded shares of CommScope from a “d+” rating to a “c-” rating in a research note on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of CommScope from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of CommScope from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.00 to $18.00 in a research note on Friday, December 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. CommScope currently has a consensus rating of “Hold” and a consensus target price of $14.29.

The company has a quick ratio of 1.12, a current ratio of 1.66 and a debt-to-equity ratio of 37.74. The company has a fifty day moving average of $15.23 and a two-hundred day moving average of $12.83. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -2.92, a P/E/G ratio of 6.34 and a beta of 1.86.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Tuesday, February 16th. The communications equipment provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.22. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.20 billion. CommScope had a positive return on equity of 51.48% and a negative net margin of 12.02%. Equities analysts anticipate that CommScope Holding Company, Inc. will post 1.08 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in COMM. Jeppson Wealth Management LLC purchased a new position in shares of CommScope in the third quarter valued at $36,000. Salem Investment Counselors Inc. increased its position in shares of CommScope by 13,000.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,275 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 3,250 shares in the last quarter. Signaturefd LLC increased its position in shares of CommScope by 1,500.9% in the fourth quarter. Signaturefd LLC now owns 3,666 shares of the communications equipment provider’s stock valued at $49,000 after buying an additional 3,437 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in CommScope during the 4th quarter worth about $93,000. Finally, Caption Management LLC purchased a new stake in CommScope during the 4th quarter worth about $134,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

CommScope Company Profile (NASDAQ:COMM)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Home Networks (Home), Outdoor Wireless Networks (OWN), and Venue and Campus Networks (VCN).The Broadband segment provides a converged cable access platform, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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