Commscope (COMM) Downgraded by BidaskClub to Buy
Commscope (NASDAQ:COMM) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
COMM has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine raised shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Commscope in a research note on Thursday, October 12th. Northland Securities set a $28.00 price objective on shares of Commscope and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, Citigroup upped their price objective on shares of Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.30.
Commscope (NASDAQ:COMM) opened at $37.83 on Wednesday. Commscope has a one year low of $30.95 and a one year high of $42.75. The firm has a market cap of $7,210.00, a PE ratio of 17.46, a P/E/G ratio of 2.94 and a beta of 1.20. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93.
In other news, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.01, for a total transaction of $200,844.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $36.45, for a total value of $1,822,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 115,284 shares of company stock valued at $4,303,945 in the last quarter. Company insiders own 3.33% of the company’s stock.
Large investors have recently modified their holdings of the company. Krilogy Financial LLC boosted its holdings in Commscope by 5.7% in the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 170 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Commscope by 76.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after acquiring an additional 2,064 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Commscope in the 2nd quarter worth approximately $216,000. Nordea Investment Management AB purchased a new position in Commscope in the 2nd quarter worth approximately $235,000. Finally, Taurus Asset Management LLC purchased a new position in Commscope in the 3rd quarter worth approximately $222,000.
ILLEGAL ACTIVITY NOTICE: “Commscope (COMM) Downgraded by BidaskClub to Buy” was published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/commscope-comm-downgraded-by-bidaskclub-to-buy/1773725.html.
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.