Wall Street Zen upgraded shares of Comtech Telecommunications (NASDAQ:CMTL – Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.
CMTL has been the topic of a number of other reports. Weiss Ratings raised Comtech Telecommunications from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Northcoast Research started coverage on shares of Comtech Telecommunications in a research report on Thursday, July 23rd. They set a “buy” rating and a $2.50 price target for the company. Finally, B. Riley Financial decreased their price target on shares of Comtech Telecommunications from $6.00 to $4.75 and set a “buy” rating for the company in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Comtech Telecommunications presently has an average rating of “Hold” and an average target price of $3.62.
Check Out Our Latest Analysis on Comtech Telecommunications
Comtech Telecommunications Stock Down 1.4%
Shares of NASDAQ CMTL opened at $1.37 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.80 and a current ratio of 0.84. Comtech Telecommunications has a 1 year low of $1.15 and a 1 year high of $6.21. The stock’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $2.60. The firm has a market cap of $41.29 million, a price-to-earnings ratio of -0.59 and a beta of 1.59.
Hedge Funds Weigh In On Comtech Telecommunications
Several institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. acquired a new stake in shares of Comtech Telecommunications during the 3rd quarter worth approximately $29,000. Squarepoint Ops LLC lifted its position in Comtech Telecommunications by 61.7% in the 2nd quarter. Squarepoint Ops LLC now owns 63,649 shares of the communications equipment provider’s stock valued at $134,000 after purchasing an additional 24,295 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Comtech Telecommunications during the second quarter valued at approximately $269,000. Renaissance Technologies LLC boosted its position in Comtech Telecommunications by 153.9% during the 1st quarter. Renaissance Technologies LLC now owns 235,649 shares of the communications equipment provider’s stock worth $782,000 after acquiring an additional 142,849 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Comtech Telecommunications by 80.6% in the first quarter. Cetera Investment Advisers now owns 40,962 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 18,287 shares during the period.
Comtech Telecommunications Company Profile
Comtech Telecommunications Corp. (NASDAQ: CMTL) is a technology company that develops and supplies communications infrastructure and network solutions for government, defense, public safety, telecommunications, and enterprise customers. Its offerings are designed to support connectivity in locations where reliable, secure, or resilient communications are required.
The company’s products and services have included satellite modems and terminals, satellite ground systems, troposcatter and other wireless communications equipment, network management software, and location-based technologies.
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