Commscope (NASDAQ:COMM) Stock Rating Lowered by BidaskClub

Commscope (NASDAQ:COMM) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Several other equities analysts have also recently issued reports on COMM. Nomura lifted their price target on Commscope from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James lowered their price target on Commscope from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut Commscope from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $12.00 in a research report on Sunday, April 19th. Northland Securities started coverage on Commscope in a research report on Wednesday. They set a “buy” rating and a $15.00 price target on the stock. Finally, Loop Capital started coverage on Commscope in a report on Tuesday, May 5th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Commscope presently has an average rating of “Hold” and a consensus price target of $13.61.

NASDAQ COMM traded up $0.08 during mid-day trading on Friday, reaching $8.59. 54,979 shares of the company’s stock traded hands, compared to its average volume of 5,188,838. Commscope has a 1-year low of $5.50 and a 1-year high of $16.32. The company has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $11.28. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 16.91. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -1.47, a P/E/G ratio of 3.28 and a beta of 1.56.

Commscope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, May 7th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Commscope had a positive return on equity of 32.68% and a negative net margin of 11.72%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 84.9% on a year-over-year basis. Equities research analysts forecast that Commscope will post 0.96 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of COMM. Tower Research Capital LLC TRC lifted its stake in shares of Commscope by 1,076.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,730 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 2,498 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Commscope by 3,542.0% in the 1st quarter. Carroll Financial Associates Inc. now owns 3,642 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 3,542 shares in the last quarter. CWM Advisors LLC bought a new stake in shares of Commscope in the 1st quarter valued at $39,000. US Bancorp DE increased its position in shares of Commscope by 72.7% in the 1st quarter. US Bancorp DE now owns 5,069 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 2,134 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Commscope in the 1st quarter valued at $67,000.

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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Analyst Recommendations for Commscope (NASDAQ:COMM)

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