Commscope (COMM) Raised to “Sell” at ValuEngine

Commscope (NASDAQ:COMM) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.

Several other analysts have also recently commented on the company. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Zacks Investment Research raised Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Morgan Stanley lowered their price objective on Commscope from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Credit Suisse Group set a $20.00 price objective on Commscope and gave the stock a “neutral” rating in a research note on Thursday, December 20th. Finally, Jefferies Financial Group raised Commscope from a “hold” rating to a “buy” rating and set a $18.20 price objective on the stock in a research note on Sunday, December 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $29.43.

Shares of Commscope stock traded up $0.11 on Monday, reaching $23.42. The company’s stock had a trading volume of 2,400,913 shares, compared to its average volume of 1,736,593. The stock has a market capitalization of $4.58 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.31. Commscope has a 52-week low of $15.09 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.44 and a quick ratio of 1.80.

Commscope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, February 21st. The communications equipment provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Commscope had a return on equity of 23.64% and a net margin of 3.07%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities research analysts anticipate that Commscope will post 2.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of COMM. Jabodon PT Co. purchased a new stake in Commscope during the 3rd quarter worth about $3,140,000. JPMorgan Chase & Co. increased its holdings in shares of Commscope by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,641,277 shares of the communications equipment provider’s stock valued at $327,324,000 after acquiring an additional 303,348 shares during the last quarter. FMR LLC increased its holdings in shares of Commscope by 14.2% in the 2nd quarter. FMR LLC now owns 9,423,293 shares of the communications equipment provider’s stock valued at $275,208,000 after acquiring an additional 1,168,575 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Commscope by 15.1% in the 3rd quarter. AQR Capital Management LLC now owns 20,385 shares of the communications equipment provider’s stock valued at $627,000 after acquiring an additional 2,674 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Commscope by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,155,725 shares of the communications equipment provider’s stock valued at $527,711,000 after acquiring an additional 303,966 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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