Technical and Fundamental Insights on CommScope Holding Co Inc (NASDAQ:COMM)

CommScope Holding Co Inc (NASDAQ:COMM) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $29.8, up by 0.81%, with a volume of 2,002,599 shares against an average amount for the last three months of 1,623,880.

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CommScope Holding Co Inc (NASDAQ:COMM) stock is currently trading 12.66% below its 52-week-high, 53.85% above its 52-week-low. The 1-year stock price history is in the range of $19.37 – $34.12. CommScope Holding Co Inc (COMM) has a price to book ratio of 4.63 versus Technology sector average of 3.15. COMM stock price has outperformed the Nasdaq by 18.9%. The Telecommunication Equipment company is currently valued at $5.71 billion, and its share price closed the last trading session at $29.8. The stock has a 50-day moving average of $27.76 and a 200-day moving average of $26.33.

CommScope Holding Co Inc (COMM) current short interest stands at 8.91 million shares. It has increased by 5% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.52 million shares, the number of days required to cover the short positions stand at 2.6 days.

COMM is forecasted to report earnings per share of $0.67 and a revenue of $1.28 billion for the 2nd Quarter of the fiscal year 2016. CommScope Holding Co Inc (COMM) declared last quarter earnings on April 28. The Telecommunication Equipment company announced last quarter earnings per share of $0.45 against a consensus Street estimate of $0.35, beating the average estimate by $0.1. The company posted a revenue of $1.14 billion compared to an estimation of $1.11 billion.

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There are currently thirteen analysts that cover CommScope Holding Co Inc stock. Of those thirteen, twelve have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $35.5.

A recent analyst activity consisted of Goldman Sachs upgrading their Neutral rating to Buy on May 9. Goldman Sachs increased their price target on COMM from $33 to $35. This corresponds to a 17.45% upside from the last closing price. On the date of report, the stock closed at $29.56.

Cross Research upgraded their Hold rating to Buy on February 22. On the date of report, the stock closed at $25.12.

Another research firm was Deutsche Bank who reiterated their Buy stance on February 22. Deutsche Bank decreased price target from $35 to $33. This translates to a 10.74% upside from the last closing price. On the date of report, the stock closed at $25.12.

Company snapshot

CommScope Holding Inc. operates as a holding company. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. CommScope serves customers throughout the world.

Technical and Fundamental Insights on CommScope Holding Co Inc (NASDAQ:COMM) was last modified: May 11th, 2016 by Eric Hanson