CommScope (NASDAQ:COMM) Rating Lowered to Sell at StockNews.com

CommScope (NASDAQ:COMM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on CommScope from $1.25 to $2.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.67.

CommScope Price Performance

Shares of COMM opened at $2.79 on Wednesday. The stock has a market capitalization of $592.25 million, a P/E ratio of -0.32, a P/E/G ratio of 1.91 and a beta of 2.08. CommScope has a 12-month low of $0.86 and a 12-month high of $3.97. The firm’s 50 day moving average is $1.59 and its 200-day moving average is $1.52.

CommScope (NASDAQ:COMM) last announced its earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.14. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.04 billion. CommScope had a negative net margin of 30.88% and a negative return on equity of 1.75%. As a group, equities research analysts forecast that CommScope will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COMM. Charles Schwab Investment Management Inc. grew its stake in shares of CommScope by 28.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,790,900 shares of the communications equipment provider’s stock valued at $16,330,000 after buying an additional 1,280,636 shares in the last quarter. Bailard Inc. bought a new stake in CommScope in the fourth quarter worth approximately $269,000. Teacher Retirement System of Texas increased its stake in shares of CommScope by 217.1% during the 4th quarter. Teacher Retirement System of Texas now owns 1,561,443 shares of the communications equipment provider’s stock worth $4,403,000 after purchasing an additional 1,068,969 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of CommScope by 76.4% during the 4th quarter. SG Americas Securities LLC now owns 50,480 shares of the communications equipment provider’s stock valued at $142,000 after purchasing an additional 21,869 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of CommScope by 6.5% during the 4th quarter. BNP Paribas Financial Markets now owns 344,412 shares of the communications equipment provider’s stock valued at $971,000 after purchasing an additional 20,914 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.

About CommScope

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.