CommScope Holding Company, Inc. (NASDAQ:COMM) Given Average Recommendation of “Reduce” by Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has been assigned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $1.75.

A number of analysts have recently issued reports on COMM shares. StockNews.com upgraded shares of CommScope from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Finally, Northland Securities upped their target price on CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a research report on Monday, August 12th.

Institutional Trading of CommScope

A number of institutional investors have recently bought and sold shares of COMM. Headlands Technologies LLC raised its position in shares of CommScope by 357.9% in the first quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 18,722 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in CommScope by 5,083.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 25,212 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of CommScope by 22.0% during the 4th quarter. Victory Capital Management Inc. now owns 27,568 shares of the communications equipment provider’s stock valued at $78,000 after acquiring an additional 4,978 shares during the period. RPO LLC bought a new stake in shares of CommScope during the 4th quarter valued at $92,000. Finally, Fore Capital LLC grew its holdings in shares of CommScope by 36.5% during the 2nd quarter. Fore Capital LLC now owns 74,841 shares of the communications equipment provider’s stock worth $92,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Up 1.8 %

NASDAQ:COMM opened at $6.11 on Monday. CommScope has a 12-month low of $0.86 and a 12-month high of $6.75. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -0.69, a P/E/G ratio of 0.28 and a beta of 2.08. The stock’s 50 day moving average price is $3.95 and its two-hundred day moving average price is $2.20.

CommScope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was down 12.7% on a year-over-year basis. Equities research analysts expect that CommScope will post 0.91 EPS for the current 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.