Commscope (NASDAQ:COMM) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. Rosenblatt Securities cut shares of Commscope from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research note on Tuesday, October 29th. Credit Suisse Group cut their target price on shares of Commscope from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Nomura reaffirmed a “buy” rating and set a $16.00 target price on shares of Commscope in a report on Thursday, November 7th. ValuEngine upgraded shares of Commscope from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Commscope from a “strong sell” rating to a “sell” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Commscope currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Shares of NASDAQ COMM opened at $13.36 on Tuesday. The firm has a market cap of $2.64 billion, a P/E ratio of 6.33, a PEG ratio of 0.62 and a beta of 1.58. Commscope has a twelve month low of $9.52 and a twelve month high of $27.00. The company has a quick ratio of 1.29, a current ratio of 1.86 and a debt-to-equity ratio of 8.34. The company has a 50 day moving average of $13.08 and a 200 day moving average of $13.70.

Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.42 billion. Commscope had a positive return on equity of 27.25% and a negative net margin of 7.26%. Commscope’s revenue was up 106.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, equities analysts expect that Commscope will post 1.76 earnings per share for the current fiscal year.

In other news, Director L William Krause purchased 21,250 shares of the stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $11.87 per share, with a total value of $252,237.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank M. Drendel sold 153,877 shares of Commscope stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $14.25, for a total transaction of $2,192,747.25. Insiders own 3.25% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Commscope during the 2nd quarter valued at $43,000. Advisor Group Inc. lifted its position in shares of Commscope by 256.3% in the second quarter. Advisor Group Inc. now owns 4,482 shares of the communications equipment provider’s stock valued at $71,000 after acquiring an additional 3,224 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Commscope in the second quarter valued at about $115,000. Oppenheimer Asset Management Inc. lifted its position in shares of Commscope by 16.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,052 shares of the communications equipment provider’s stock valued at $127,000 after acquiring an additional 1,115 shares in the last quarter. Finally, BBT Capital Management LLC bought a new position in shares of Commscope in the second quarter worth about $163,000.

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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