BidaskClub lowered shares of Commscope (NASDAQ:COMM) from a buy rating to a hold rating in a report published on Thursday.
Other analysts also recently issued reports about the stock. Jefferies Group restated a buy rating and issued a $40.00 target price on shares of Commscope in a report on Wednesday, September 20th. Citigroup boosted their target price on shares of Commscope from $39.00 to $40.00 and gave the stock a buy rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Commscope from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Thursday, October 19th. ValuEngine upgraded shares of Commscope from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Northland Securities restated a hold rating on shares of Commscope in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Commscope currently has a consensus rating of Buy and an average price target of $40.30.
Shares of Commscope (NASDAQ:COMM) traded up $0.23 during midday trading on Thursday, reaching $38.10. 1,171,300 shares of the company’s stock were exchanged, compared to its average volume of 1,353,175. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. The company has a market cap of $7,267.08, a P/E ratio of 38.48, a P/E/G ratio of 2.49 and a beta of 1.20. Commscope has a one year low of $30.95 and a one year high of $42.75.
In related news, Director Frank M. Drendel sold 5,284 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.01, for a total transaction of $200,844.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $36.45, for a total transaction of $1,822,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 130,284 shares of company stock worth $4,874,245 over the last quarter. 3.33% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Franklin Resources Inc. bought a new position in Commscope during the 2nd quarter valued at about $38,211,000. Swiss National Bank boosted its position in Commscope by 122.7% in the 2nd quarter. Swiss National Bank now owns 710,000 shares of the communications equipment provider’s stock valued at $27,001,000 after buying an additional 391,157 shares during the period. Lingohr & Partner Asset Management GmbH boosted its position in Commscope by 23.5% in the 2nd quarter. Lingohr & Partner Asset Management GmbH now owns 29,640 shares of the communications equipment provider’s stock valued at $1,236,000 after buying an additional 5,644 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Commscope in the 2nd quarter valued at about $14,795,000. Finally, AMP Capital Investors Ltd boosted its position in Commscope by 64.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 72,036 shares of the communications equipment provider’s stock valued at $2,391,000 after buying an additional 28,300 shares during the period.
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.
Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.