CommScope (NASDAQ:COMM) Price Target Raised to $7.50 at Deutsche Bank Aktiengesellschaft

CommScope (NASDAQ:COMM) had its price target lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $6.00 to $7.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 3.23% from the stock’s current price.

Separately, Wall Street Zen lowered CommScope from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, CommScope currently has a consensus rating of “Hold” and a consensus price target of $4.88.

CommScope Trading Up 5.7%

NASDAQ:COMM opened at $7.75 on Tuesday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 2.84, a PEG ratio of 0.30 and a beta of 2.29. CommScope has a 1-year low of $1.05 and a 1-year high of $7.83. The business’s fifty day moving average price is $5.36 and its 200 day moving average price is $5.22.

CommScope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. CommScope had a negative return on equity of 4.51% and a net margin of 16.89%. CommScope’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. Equities analysts forecast that CommScope will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of CommScope during the 4th quarter worth about $27,000. Banque Transatlantique SA bought a new stake in shares of CommScope during the 1st quarter worth about $34,000. Sterling Capital Management LLC boosted its stake in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in shares of CommScope during the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

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.