CMTL has been the subject of a number of other reports. ValuEngine raised shares of Comtech Telecomm. from a sell rating to a hold rating in a research note on Friday, June 7th. Zacks Investment Research lowered shares of Comtech Telecomm. from a buy rating to a hold rating in a research note on Monday, August 12th. Finally, TheStreet raised shares of Comtech Telecomm. from a c+ rating to a b- rating in a research note on Monday, June 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Comtech Telecomm. presently has an average rating of Buy and an average price target of $36.00.
Shares of NASDAQ:CMTL traded down $0.59 during trading on Thursday, reaching $29.85. The company had a trading volume of 89,807 shares, compared to its average volume of 154,215. The firm’s fifty day moving average is $27.84 and its 200 day moving average is $25.46. The firm has a market capitalization of $692.52 million, a PE ratio of 39.92, a price-to-earnings-growth ratio of 3.90 and a beta of 1.47. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $36.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.79.
A number of hedge funds have recently added to or reduced their stakes in CMTL. Alps Advisors Inc. acquired a new stake in Comtech Telecomm. during the first quarter valued at approximately $413,000. Rhumbline Advisers lifted its stake in Comtech Telecomm. by 1.7% during the first quarter. Rhumbline Advisers now owns 69,470 shares of the communications equipment provider’s stock valued at $1,613,000 after purchasing an additional 1,143 shares during the last quarter. Comerica Bank lifted its stake in Comtech Telecomm. by 3.0% during the first quarter. Comerica Bank now owns 23,604 shares of the communications equipment provider’s stock valued at $555,000 after purchasing an additional 681 shares during the last quarter. Texas Permanent School Fund lifted its stake in Comtech Telecomm. by 3.8% during the first quarter. Texas Permanent School Fund now owns 16,232 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 588 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Comtech Telecomm. during the first quarter valued at approximately $235,000. 86.91% of the stock is owned by institutional investors and hedge funds.
About Comtech Telecomm.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
See Also: Earnings Per Share (EPS)
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