Commscope Holding Company Inc (COMM) Now Covered by Nomura

Commscope Holding Company Inc (COMM) Now Covered by Nomura

COMM has been the subject of a number of other research reports. Deutsche Bank AG lifted their target price on Commscope Holding Company from $42.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, April 19th. Zacks Investment Research upgraded Commscope Holding Company from a sell rating to a hold rating in a report on Thursday, February 23rd. Jefferies Group LLC restated a buy rating and set a $45.00 price objective on shares of Commscope Holding Company in a report on Friday, March 31st. Credit Suisse Group AG boosted their price objective on Commscope Holding Company from $36.00 to $45.00 and gave the company an outperform rating in a report on Wednesday, February 15th. Finally, Instinet began coverage on Commscope Holding Company in a report on Thursday, May 25th. They set a buy rating and a $45.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Commscope Holding Company currently has a consensus rating of Buy and an average target price of $43.75.

Nomura began coverage on shares of Commscope Holding Company Inc (NASDAQ:COMM) in a report released on Thursday morning. The brokerage issued a buy rating and a $45.00 target price on the communications equipment provider’s stock.

Commscope Holding Company (NASDAQ:COMM) last announced its earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Commscope Holding Company had a return on equity of 35.24% and a net margin of 1.91%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS.

In other news, insider Marvin S. Edwards, Jr. sold 100,000 shares of the stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $40.04, for a total value of $4,004,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy T. Yates acquired 3,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was purchased at an average cost of $35.34 per share, for a total transaction of $106,020.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 20,000 shares of company stock worth $736,170 and have sold 393,270 shares worth $15,928,993. Corporate insiders own 4.09% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in shares of Commscope Holding Company by 19.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,706 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 439 shares in the last quarter. Financial Architects Inc increased its stake in shares of Commscope Holding Company by 61.1% in the first quarter. Financial Architects Inc now owns 3,281 shares of the communications equipment provider’s stock worth $137,000 after buying an additional 1,244 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in shares of Commscope Holding Company during the first quarter worth approximately $200,000. CAPROCK Group Inc. bought a new stake in shares of Commscope Holding Company during the first quarter worth approximately $203,000. Finally, ProShare Advisors LLC bought a new stake in shares of Commscope Holding Company during the first quarter worth approximately $203,000.

Commscope Holding Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:COMM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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