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

CommScope Holding Company, Inc. (NASDAQ:COMM) has earned a consensus rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.00.

Several brokerages have recently issued reports on COMM. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Tuesday, January 14th. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Tuesday, December 17th. Finally, Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of CommScope by 415.0% during the third quarter. BNP Paribas Financial Markets now owns 188,182 shares of the communications equipment provider’s stock worth $1,150,000 after acquiring an additional 151,640 shares during the last quarter. JPMorgan Chase & Co. increased its position in CommScope by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock valued at $5,500,000 after purchasing an additional 542,794 shares during the period. Monarch Alternative Capital LP bought a new position in CommScope during the 3rd quarter worth approximately $16,623,000. XTX Topco Ltd lifted its position in shares of CommScope by 263.1% in the 2nd quarter. XTX Topco Ltd now owns 198,264 shares of the communications equipment provider’s stock worth $244,000 after purchasing an additional 143,654 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of CommScope in the 2nd quarter valued at $144,000. 88.04% of the stock is owned by institutional investors and hedge funds.

CommScope Stock Down 5.6 %

CommScope stock opened at $5.53 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of -1.25, a P/E/G ratio of 0.67 and a beta of 1.92. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The business’s 50-day moving average price is $5.29 and its two-hundred day moving average price is $4.74.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.38). The company had revenue of $1.08 billion for 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 company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, analysts expect that CommScope will post -0.85 earnings per share 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.