Comtech Telecomm. (CMTL) Stock Rating Upgraded by BidaskClub

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.

Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.16. The business had revenue of $164.10 million for the quarter, compared to analyst estimates of $159.96 million. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities analysts expect that Comtech Telecomm. will post 1.13 EPS for the current fiscal year.

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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