Commscope Holding Company Inc (NASDAQ:COMM)’s share price hit a new 52-week low on Thursday . The stock traded as low as $17.20 and last traded at $17.54, with a volume of 110342 shares trading hands. The stock had previously closed at $17.68.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Commscope from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. ValuEngine upgraded Commscope from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. BidaskClub cut Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 18th. Cross Research upgraded Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Nomura cut Commscope from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $31.00 in a research note on Friday, October 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.02.

The company has a market capitalization of $3.36 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.16. 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 released its earnings results on Thursday, November 8th. The communications equipment provider reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a return on equity of 23.68% and a net margin of 4.69%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities analysts expect that Commscope Holding Company Inc will post 1.96 EPS for the current year.

In other Commscope news, Director Claudius E. Iv Watts bought 25,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $19.00 per share, for a total transaction of $475,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Alexander W. Pease bought 40,000 shares of the stock in a transaction dated Thursday, November 15th. The shares were acquired at an average price of $18.70 per share, for a total transaction of $748,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 76,500 shares of company stock worth $1,442,400 over the last quarter. Company insiders own 3.33% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COMM. Principal Financial Group Inc. raised its stake in shares of Commscope by 31.8% during the 1st quarter. Principal Financial Group Inc. now owns 29,987 shares of the communications equipment provider’s stock worth $1,199,000 after purchasing an additional 7,235 shares during the period. Janney Montgomery Scott LLC raised its stake in Commscope by 12.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,944 shares of the communications equipment provider’s stock valued at $495,000 after acquiring an additional 1,924 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Commscope by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 604,781 shares of the communications equipment provider’s stock valued at $17,663,000 after acquiring an additional 26,696 shares during the period. First Trust Advisors LP raised its stake in Commscope by 770.0% in the 2nd quarter. First Trust Advisors LP now owns 255,986 shares of the communications equipment provider’s stock valued at $7,476,000 after acquiring an additional 226,564 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Commscope by 657.0% in the 2nd quarter. Victory Capital Management Inc. now owns 460,499 shares of the communications equipment provider’s stock valued at $13,449,000 after acquiring an additional 399,670 shares during the period.

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Commscope Company Profile (NASDAQ:COMM)

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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