Brokerages Set CommScope Holding Company, Inc. (NASDAQ:COMM) Target Price at $2.50

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been given a consensus rating of “Strong Sell” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.50.

COMM has been the subject of a number of analyst reports. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Tuesday, December 17th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday.

Hedge Funds Weigh In On CommScope

Institutional investors and hedge funds have recently bought and sold shares of the company. Monarch Alternative Capital LP bought a new stake in shares of CommScope in the third quarter worth $16,623,000. Assenagon Asset Management S.A. bought a new stake in shares of CommScope in the 3rd quarter valued at about $11,023,000. Bank of Montreal Can acquired a new stake in shares of CommScope in the third quarter valued at about $7,023,000. Two Sigma Advisers LP raised its position in shares of CommScope by 29.3% during the third quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock worth $26,296,000 after acquiring an additional 975,200 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of CommScope by 319.3% in the second quarter. Acadian Asset Management LLC now owns 1,251,705 shares of the communications equipment provider’s stock worth $1,537,000 after acquiring an additional 953,171 shares during the period. Institutional investors and hedge funds own 88.04% of the company’s stock.

CommScope Trading Down 3.9 %

COMM opened at $5.13 on Wednesday. CommScope has a 1-year low of $0.86 and a 1-year high of $7.19. The firm has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $4.40. The stock has a market capitalization of $1.11 billion, a PE ratio of -1.16 and a beta of 1.92.

CommScope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.42 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, research analysts predict that CommScope will post -0.77 EPS for the current year.

About CommScope

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.