Comtech Telecomm. (NASDAQ:CMTL) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, March 30th, BidAskClub reports.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, December 11th. ValuEngine downgraded Comtech Telecomm. from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Finally, Noble Financial restated a “buy” rating and issued a $38.00 price target on shares of Comtech Telecomm. in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.80.
CMTL traded down $0.10 during trading on Friday, hitting $23.65. 74,380 shares of the stock were exchanged, compared to its average volume of 200,797. The firm has a market cap of $570.58 million, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 4.19 and a beta of 1.31. The company has a quick ratio of 1.53, a current ratio of 2.20 and a debt-to-equity ratio of 0.34. Comtech Telecomm. has a 1-year low of $20.94 and a 1-year high of $36.94.
Institutional investors and hedge funds have recently bought and sold shares of the business. Resources Investment Advisors Inc. boosted its position in Comtech Telecomm. by 56.9% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 640 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Comtech Telecomm. in the fourth quarter valued at $89,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Comtech Telecomm. in the third quarter valued at $205,000. ClariVest Asset Management LLC purchased a new stake in shares of Comtech Telecomm. in the fourth quarter valued at $148,000. Finally, SG Americas Securities LLC lifted its position in shares of Comtech Telecomm. by 104.9% in the third quarter. SG Americas Securities LLC now owns 7,260 shares of the communications equipment provider’s stock valued at $263,000 after acquiring an additional 3,716 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.
Comtech Telecomm. Company Profile
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.
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