Commscope Holding Company Inc (NASDAQ:COMM) has earned a consensus rating of “Buy” from the fifteen research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.00.

COMM has been the topic of several recent analyst reports. Citigroup increased their price target on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and issued a $40.00 price target on shares of Commscope in a report on Thursday, October 12th. BidaskClub downgraded Commscope from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine downgraded Commscope from a “buy” rating to a “hold” rating in a report on Saturday, November 4th.

Shares of Commscope (NASDAQ:COMM) traded up $0.27 during midday trading on Friday, hitting $38.15. The stock had a trading volume of 623,116 shares, compared to its average volume of 1,793,263. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. Commscope has a 12-month low of $30.95 and a 12-month high of $42.75. The stock has a market capitalization of $7,340.00, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.13.

In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank M. Drendel sold 5,284 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.01, for a total value of $200,844.84. The disclosure for this sale can be found here. Insiders have sold a total of 180,284 shares of company stock worth $6,807,245 over the last 90 days. 3.33% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC boosted its position in Commscope by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after acquiring an additional 170 shares in the last quarter. Taurus Asset Management LLC bought a new stake in Commscope during the 3rd quarter valued at $222,000. Nordea Investment Management AB bought a new stake in Commscope during the 2nd quarter valued at $235,000. Massey Quick Simon & CO. LLC bought a new stake in Commscope during the 3rd quarter valued at $252,000. Finally, Toronto Dominion Bank boosted its position in Commscope by 240.6% during the 3rd quarter. Toronto Dominion Bank now owns 8,146 shares of the communications equipment provider’s stock valued at $270,000 after acquiring an additional 5,754 shares in the last quarter.

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About Commscope

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.

Analyst Recommendations for Commscope (NASDAQ:COMM)

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