CommScope Holding Co. (NASDAQ:COMM) shares saw unusually-high trading volume on Monday . Approximately 2,976,257 shares were traded during trading, an increase of 104% from the previous session’s volume of 1,462,103 shares.The stock last traded at $29.59 and had previously closed at $29.95.

A number of research analysts have recently issued reports on the company. Deutsche Bank AG reissued a “buy” rating and issued a $33.00 price objective on shares of CommScope Holding in a research note on Thursday, April 14th. Zacks Investment Research downgraded CommScope Holding from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. Drexel Hamilton reissued a “buy” rating and issued a $38.00 price objective on shares of CommScope Holding in a research note on Friday, April 29th. Credit Suisse Group AG reissued a “buy” rating on shares of CommScope Holding in a research note on Saturday, April 30th. Finally, Goldman Sachs Group Inc. raised CommScope Holding from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $35.00 in a research note on Monday, May 9th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.08.

The company has a 50 day moving average price of $31.28 and a 200 day moving average price of $27.90. The company’s market capitalization is $5.70 billion.

CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. During the same period last year, the business posted $0.49 earnings per share. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, equities research analysts predict that CommScope Holding Co. will post $2.49 earnings per share for the current fiscal year.

In other news, COO Randall W. Crenshaw sold 25,000 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $32.06, for a total transaction of $801,500.00. Following the completion of the sale, the chief operating officer now directly owns 76,849 shares in the company, valued at $2,463,778.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marvin S. Edwards, Jr. sold 100,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $32.15, for a total transaction of $3,215,000.00. Following the sale, the chief executive officer now owns 170,794 shares of the company’s stock, valued at $5,491,027.10. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in CommScope Holding by 4.7% in the fourth quarter. Rhumbline Advisers now owns 81,602 shares of the company’s stock worth $2,113,000 after buying an additional 3,675 shares in the last quarter. Foresters Investment Management Company Inc. raised its stake in CommScope Holding by 0.8% in the fourth quarter. Foresters Investment Management Company Inc. now owns 123,000 shares of the company’s stock worth $3,184,000 after buying an additional 1,000 shares in the last quarter. California Public Employees Retirement System raised its stake in CommScope Holding by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 221,300 shares of the company’s stock worth $5,729,000 after buying an additional 8,900 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in CommScope Holding by 3.9% in the fourth quarter. Monarch Partners Asset Management LLC now owns 238,573 shares of the company’s stock worth $6,177,000 after buying an additional 9,038 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in CommScope Holding by 13.8% in the fourth quarter. Wells Fargo & Company MN now owns 281,351 shares of the company’s stock worth $7,283,000 after buying an additional 34,123 shares in the last quarter.

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.

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