Commscope (NASDAQ:COMM) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat Ratings reports.
COMM has been the topic of a number of other research reports. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine cut Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Cross Research upgraded Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Goldman Sachs Group cut Commscope from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Tuesday, October 9th. Finally, Nomura cut Commscope from a “buy” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $31.00 in a research note on Friday, October 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.79.
Shares of COMM opened at $19.39 on Thursday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.34 and a beta of 1.23. Commscope has a 12 month low of $18.52 and a 12 month high of $41.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.16 and a current ratio of 2.77.
A number of institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in Commscope in the third quarter valued at about $1,945,000. DekaBank Deutsche Girozentrale increased its holdings in Commscope by 24.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 25,505 shares of the communications equipment provider’s stock valued at $834,000 after buying an additional 4,975 shares during the last quarter. CIBC World Markets Inc. bought a new stake in Commscope in the third quarter valued at about $1,572,000. Staley Capital Advisers Inc. bought a new stake in Commscope in the third quarter valued at about $1,242,000. Finally, BlackRock Inc. increased its holdings in Commscope by 2.8% in the third quarter. BlackRock Inc. now owns 10,593,048 shares of the communications equipment provider’s stock valued at $325,842,000 after buying an additional 290,848 shares during the last quarter.
Commscope Company Profile
CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
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