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

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) have been given a consensus recommendation of "Reduce" by the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $2.50.

Several analysts recently weighed in on the stock. Northland Securities raised their target price on shares of CommScope from $1.25 to $2.00 and gave the company a "market perform" rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their target price 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. Morgan Stanley upped their price target on shares of CommScope from $2.70 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, StockNews.com raised shares of CommScope from a "sell" rating to a "hold" rating in a report on Thursday, August 15th.

CommScope Trading Down 3.8 %

Shares of COMM traded down $0.18 during mid-day trading on Tuesday, hitting $4.57. 3,252,824 shares of the company's stock were exchanged, compared to its average volume of 4,177,687. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The business's 50 day moving average is $5.81 and its two-hundred day moving average is $3.27. The firm has a market capitalization of $986.43 million, a P/E ratio of -1.07, a P/E/G ratio of 0.21 and a beta of 2.09.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.38). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. CommScope had a negative return on equity of 1.02% and a negative net margin of 18.10%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, equities research analysts forecast that CommScope will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On CommScope

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC raised its position in shares of CommScope by 357.9% during the first quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider's stock worth $31,000 after purchasing an additional 18,722 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of CommScope during the third quarter valued at about $31,000. Allspring Global Investments Holdings LLC increased its stake in CommScope by 5,083.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 25,212 shares in the last quarter. Belvedere Trading LLC purchased a new stake in CommScope in the 3rd quarter worth approximately $68,000. Finally, Creative Planning purchased a new position in CommScope in the third quarter worth about $73,000. Institutional investors own 88.04% of the company's stock.

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.