CommScope (NASDAQ:COMM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CommScope (NASDAQ:COMM) from a buy rating to a strong-buy rating in a research note published on Saturday.

COMM has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CommScope in a report on Wednesday, October 8th. Citigroup raised shares of CommScope to an “outperform” rating in a research report on Monday, August 4th. Morgan Stanley upgraded shares of CommScope from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $4.00 to $17.00 in a research report on Tuesday, August 5th. Zacks Research downgraded CommScope from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wolfe Research started coverage on CommScope in a research report on Monday, July 7th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

CommScope Price Performance

Shares of COMM stock opened at $15.20 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 0.51 and a beta of 2.42. The firm’s 50-day moving average is $15.75 and its two-hundred day moving average is $9.41. CommScope has a 12 month low of $2.94 and a 12 month high of $17.13.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.27 billion. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Sell-side analysts forecast that CommScope will post -0.24 EPS for the current year.

Institutional Trading of CommScope

A number of institutional investors have recently bought and sold shares of COMM. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CommScope in the 1st quarter valued at about $143,000. KBC Group NV acquired a new position in CommScope in the first quarter valued at approximately $65,000. Bank of New York Mellon Corp increased its stake in CommScope by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 725,413 shares of the communications equipment provider’s stock valued at $3,852,000 after purchasing an additional 41,286 shares during the last quarter. Inspire Investing LLC raised its holdings in CommScope by 166.3% during the first quarter. Inspire Investing LLC now owns 205,787 shares of the communications equipment provider’s stock worth $1,093,000 after purchasing an additional 128,511 shares in the last quarter. Finally, Mariner Investment Group LLC acquired a new stake in CommScope during the second quarter worth approximately $207,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

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.