CommScope Holding Company, Inc. (NASDAQ:COMM) Receives Average Recommendation of “Reduce” from Analysts

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have been given an average rating of “Reduce” by the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1.75.

Several research firms have weighed in on COMM. Deutsche Bank Aktiengesellschaft lifted 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. Northland Securities upped their price target on CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Finally, StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th.

Institutional Trading of CommScope

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in shares of CommScope by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 86,509 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 4,466 shares in the last quarter. Victory Capital Management Inc. raised its holdings in CommScope by 22.0% during the fourth quarter. Victory Capital Management Inc. now owns 27,568 shares of the communications equipment provider’s stock valued at $78,000 after buying an additional 4,978 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of CommScope by 10.4% in the second quarter. SummerHaven Investment Management LLC now owns 128,079 shares of the communications equipment provider’s stock worth $158,000 after buying an additional 12,017 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of CommScope by 1.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,050,655 shares of the communications equipment provider’s stock valued at $2,963,000 after acquiring an additional 12,578 shares during the period. Finally, Headlands Technologies LLC grew its stake 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 worth $31,000 after acquiring an additional 18,722 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

CommScope Stock Up 3.5 %

Shares of CommScope stock opened at $6.21 on Monday. CommScope has a 12-month low of $0.86 and a 12-month high of $6.41. The firm has a market capitalization of $1.32 billion, a PE ratio of -0.70, a price-to-earnings-growth ratio of 0.23 and a beta of 2.08. The stock’s fifty day moving average is $3.49 and its 200-day moving average is $2.02.

CommScope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.23 billion. CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. CommScope’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. 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.