Shares of CommScope Holding Company, Inc. (NASDAQ:COMM – Get Free Report) have been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.02.
COMM has been the topic of a number of research analyst reports. StockNews.com downgraded CommScope from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating on shares of CommScope in a research note on Monday, March 4th. Bank of America lowered their target price on CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 13th. Finally, Northland Securities restated a “market perform” rating on shares of CommScope in a report on Friday, March 1st.
Get Our Latest Stock Report on COMM
Institutional Investors Weigh In On CommScope
CommScope Trading Down 7.9 %
Shares of NASDAQ:COMM opened at $1.29 on Friday. The stock has a market cap of $273.84 million, a PE ratio of -0.15 and a beta of 2.07. The stock’s fifty day simple moving average is $1.19 and its two-hundred day simple moving average is $1.73. CommScope has a 1-year low of $0.86 and a 1-year high of $6.65.
CommScope (NASDAQ:COMM – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.14. CommScope had a negative net margin of 30.88% and a negative return on equity of 1.75%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, sell-side analysts forecast that CommScope will post -0.17 earnings per share for the current fiscal year.
CommScope Company Profile
CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.
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