Somewhat Positive News Coverage Somewhat Unlikely to Affect Commscope (COMM) Share Price

Media coverage about Commscope (NASDAQ:COMM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commscope earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.3970587154285 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s rankings:

COMM has been the topic of several recent research reports. BidaskClub downgraded Commscope from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Citigroup lifted their target price on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Northland Securities reaffirmed a “hold” rating on shares of Commscope in a report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Commscope in a report on Wednesday, September 20th. Finally, Zacks Investment Research raised Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.80.

Commscope (NASDAQ COMM) traded up $0.63 during mid-day trading on Thursday, hitting $38.84. The stock had a trading volume of 2,253,500 shares, compared to its average volume of 1,470,000. Commscope has a 1 year low of $30.95 and a 1 year high of $42.75. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. The company has a market cap of $7,410.00, a price-to-earnings ratio of 39.23, a PEG ratio of 2.49 and a beta of 1.20.

Commscope (NASDAQ:COMM) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was down 12.8% on a year-over-year basis. equities analysts forecast that Commscope will post 2.01 earnings per share for the current year.

In related news, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.01, for a total value of $200,844.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,284 shares of company stock valued at $6,807,245. Corporate insiders own 3.33% of the company’s stock.

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Commscope 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.

Insider Buying and Selling by Quarter for Commscope (NASDAQ:COMM)

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