ValuEngine upgraded shares of Commscope (NASDAQ:COMM) from a hold rating to a buy rating in a report published on Friday morning.

COMM has been the topic of a number of other reports. Barclays cut Commscope from an overweight rating to an equal weight rating and lowered their price target for the stock from $41.00 to $36.00 in a report on Friday, August 4th. TheStreet raised Commscope from a c+ rating to a b rating in a report on Tuesday, August 8th. Jefferies Group reissued a buy rating and set a $40.00 target price on shares of Commscope in a research report on Wednesday, September 20th. Morgan Stanley raised Commscope from an equal weight rating to an overweight rating and set a $38.00 target price on the stock in a research report on Thursday, August 17th. Finally, Northland Securities reissued a hold rating and set a $28.00 target price on shares of Commscope in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $40.30.

Shares of Commscope (COMM) traded up $0.08 during mid-day trading on Friday, reaching $36.07. The company had a trading volume of 1,606,700 shares, compared to its average volume of 2,007,353. Commscope has a 12 month low of $30.95 and a 12 month high of $42.75. The stock has a market capitalization of $6,880.79, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.

Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. Commscope’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. research analysts predict that Commscope will post 2.01 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of COMM. Vanguard Group Inc. lifted its stake in shares of Commscope by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,843,334 shares of the communications equipment provider’s stock worth $602,522,000 after purchasing an additional 183,790 shares during the last quarter. BlackRock Inc. raised its stake in Commscope by 19.0% in the second quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock valued at $580,929,000 after buying an additional 2,438,894 shares during the last quarter. Capital Research Global Investors raised its stake in Commscope by 478.2% in the second quarter. Capital Research Global Investors now owns 14,502,567 shares of the communications equipment provider’s stock valued at $551,533,000 after buying an additional 11,994,126 shares during the last quarter. FMR LLC raised its stake in Commscope by 6.6% in the second quarter. FMR LLC now owns 11,279,906 shares of the communications equipment provider’s stock valued at $428,975,000 after buying an additional 702,210 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Commscope by 29.2% in the third quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock valued at $350,236,000 after buying an additional 2,429,290 shares during the last quarter.

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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.

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Analyst Recommendations for Commscope (NASDAQ:COMM)

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