CommScope Holding Company, Inc. (NASDAQ:COMM) shares gapped up prior to trading on Thursday . The stock had previously closed at $15.42, but opened at $16.25. CommScope shares last traded at $16.37, with a volume of 27,094 shares trading hands.
Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, February 18th. Rosenblatt Securities increased their target price on shares of CommScope from $11.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 10th. Smith Barney Citigroup downgraded shares of CommScope from a “neutral” rating to a “sell” rating in a research note on Monday, December 21st. TheStreet raised shares of CommScope from a “d+” rating to a “c-” rating in a research note on Wednesday, March 10th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of CommScope from a “neutral” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Monday, December 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.29.
The firm has a market capitalization of $3.30 billion, a P/E ratio of -2.92, a PEG ratio of 6.34 and a beta of 1.86. The company has a debt-to-equity ratio of 37.74, a quick ratio of 1.12 and a current ratio of 1.66. The business’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $12.83.
Several large investors have recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC acquired a new stake in CommScope in the 3rd quarter worth approximately $36,000. Salem Investment Counselors Inc. boosted its stake in CommScope by 13,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,275 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 3,250 shares in the last quarter. Signaturefd LLC boosted its stake in CommScope by 1,500.9% in the 4th quarter. Signaturefd LLC now owns 3,666 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 3,437 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in CommScope in the 4th quarter worth approximately $93,000. Finally, Caption Management LLC purchased a new position in CommScope during the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
About CommScope (NASDAQ:COMM)
CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Home Networks (Home), Outdoor Wireless Networks (OWN), and Venue and Campus Networks (VCN).The Broadband segment provides a converged cable access platform, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.
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