Today, a Director at CommScope Holding, Frank Drendel, exercised options of CommScope Holding for $427.5K.
In addition to Frank Drendel, 6 other COMM executives reported Buy trades in the last month. Following this transaction Frank Drendel’s holding in the company was increased by 2.1% to a total of $71.79 million.
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COMM’s market cap is $5.46B and the company has a P/E ratio of 30.08. Currently, CommScope Holding has an average volume of 1.76M.
17 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $38.71, reflecting a -23.6% downside.
The insider sentiment on CommScope Holding has been positive according to 55 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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CommScope Holding Co., Inc. engages in the provision of infrastructure solution for the core, access, and edge layers of communication networks. It operates through CommScope Connectivity Solutions (CCS), and CommScope Mobility Solutions (CMS) segments.
