Commscope (NASDAQ:COMM) had its price target boosted by Citigroup to $45.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Citigroup’s price objective indicates a potential upside of 15.47% from the company’s current price.

Several other research firms have also recently commented on COMM. BidaskClub cut Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Northland Securities restated a “hold” rating on shares of Commscope in a research note on Friday, November 10th. Jefferies Group restated a “buy” rating and issued a $40.00 target price on shares of Commscope in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine cut Commscope from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.80.

Commscope (NASDAQ COMM) traded up $0.13 during trading hours on Thursday, hitting $38.97. The stock had a trading volume of 2,203,700 shares, compared to its average volume of 1,564,111. Commscope has a fifty-two week low of $30.95 and a fifty-two week high of $42.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. The company has a market cap of $7,430.00, a PE ratio of 39.36, a PEG ratio of 2.55 and a beta of 1.20.

Commscope (NASDAQ:COMM) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. equities analysts anticipate that Commscope will post 2.01 earnings per share for the current year.

In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total transaction of $1,933,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.01, for a total value of $200,844.84. The disclosure for this sale can be found here. Insiders have sold a total of 180,284 shares of company stock worth $6,807,245 in the last ninety days. Insiders own 3.33% of the company’s stock.

Several hedge funds have recently bought and sold shares of COMM. Comerica Bank increased its holdings in shares of Commscope by 55.8% during the 2nd quarter. Comerica Bank now owns 8,046 shares of the communications equipment provider’s stock worth $285,000 after acquiring an additional 2,883 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Commscope during the 2nd quarter worth approximately $216,000. Principal Financial Group Inc. increased its holdings in shares of Commscope by 16.6% during the 2nd quarter. Principal Financial Group Inc. now owns 43,261 shares of the communications equipment provider’s stock worth $1,645,000 after acquiring an additional 6,172 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Commscope during the 2nd quarter worth approximately $38,211,000. Finally, AXA increased its holdings in shares of Commscope by 1.6% during the 2nd quarter. AXA now owns 67,158 shares of the communications equipment provider’s stock worth $2,554,000 after acquiring an additional 1,058 shares during the last quarter.

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Commscope Company Profile

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

The Fly

Analyst Recommendations for Commscope (NASDAQ:COMM)

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