Commscope Holding Company Inc (NASDAQ:COMM) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.95.

Several equities analysts have commented on the company. ValuEngine upgraded Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded Commscope from a “hold” rating to a “sell” rating in a report on Friday, August 10th. Northland Securities set a $36.00 price target on Commscope and gave the company a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group downgraded Commscope from a “buy” rating to a “hold” rating and lowered their price target for the company from $35.00 to $30.50 in a report on Monday, August 6th. Finally, Rosenblatt Securities assumed coverage on Commscope in a report on Wednesday, June 20th. They set a “neutral” rating and a $32.00 price target on the stock.

NASDAQ:COMM opened at $25.05 on Wednesday. Commscope has a 52 week low of $24.82 and a 52 week high of $41.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.16 and a current ratio of 2.77. The company has a market capitalization of $5.91 billion, a P/E ratio of 12.40, a PEG ratio of 1.67 and a beta of 0.99.

Commscope (NASDAQ:COMM) last announced its quarterly earnings results on Tuesday, July 31st. The communications equipment provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Commscope had a return on equity of 24.14% and a net margin of 4.43%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Commscope will post 2.23 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Commscope by 9.4% in the second quarter. BlackRock Inc. now owns 10,302,200 shares of the communications equipment provider’s stock worth $300,874,000 after acquiring an additional 884,773 shares during the last quarter. Blue Harbour Group L.P. grew its stake in shares of Commscope by 23.3% in the second quarter. Blue Harbour Group L.P. now owns 9,538,090 shares of the communications equipment provider’s stock worth $278,560,000 after acquiring an additional 1,800,000 shares during the last quarter. FMR LLC grew its stake in shares of Commscope by 14.2% in the second quarter. FMR LLC now owns 9,423,293 shares of the communications equipment provider’s stock worth $275,208,000 after acquiring an additional 1,168,575 shares during the last quarter. Makaira Partners LLC grew its stake in shares of Commscope by 33.0% in the second quarter. Makaira Partners LLC now owns 1,821,309 shares of the communications equipment provider’s stock worth $53,191,000 after acquiring an additional 451,611 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Commscope by 1.1% in the second quarter. Janus Henderson Group PLC now owns 1,635,857 shares of the communications equipment provider’s stock worth $47,775,000 after acquiring an additional 17,155 shares during the last quarter.

Commscope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Analyst Recommendations for Commscope (NASDAQ:COMM)

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