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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) have earned an average recommendation of “Reduce” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $1.67.

A number of brokerages have recently commented on COMM. Deutsche Bank Aktiengesellschaft upped their target price on shares of CommScope from $1.25 to $2.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a report on Wednesday.

CommScope Trading Up 31.0 %

CommScope stock opened at $2.79 on Friday. CommScope has a 12-month low of $0.86 and a 12-month high of $3.97. The stock has a market cap of $592.25 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 1.91 and a beta of 2.08. The company has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.52.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.14. CommScope had a negative net margin of 30.88% and a negative return on equity of 1.75%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.04 billion. As a group, sell-side analysts forecast that CommScope will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in CommScope by 42.7% during the fourth quarter. First Trust Advisors LP now owns 13,071,560 shares of the communications equipment provider’s stock worth $36,862,000 after buying an additional 3,911,673 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of CommScope by 28.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,790,900 shares of the communications equipment provider’s stock valued at $16,330,000 after purchasing an additional 1,280,636 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of CommScope by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,678,037 shares of the communications equipment provider’s stock valued at $6,128,000 after purchasing an additional 461,264 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of CommScope by 217.1% in the fourth quarter. Teacher Retirement System of Texas now owns 1,561,443 shares of the communications equipment provider’s stock valued at $4,403,000 after purchasing an additional 1,068,969 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of CommScope by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,324,515 shares of the communications equipment provider’s stock valued at $1,735,000 after purchasing an additional 353,799 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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.