Comtech Telecommunications (NASDAQ:CMTL) Raised to “Hold” at Wall Street Zen

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on CMTL. B. Riley Financial cut their price objective 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. Northcoast Research began coverage on Comtech Telecommunications in a report on Thursday, July 23rd. They issued a “buy” rating and a $2.50 target price on the stock. Finally, Weiss Ratings raised Comtech Telecommunications from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Comtech Telecommunications currently has an average rating of “Hold” and an average target price of $3.62.

Comtech Telecommunications Stock Performance

Shares of NASDAQ CMTL opened at $1.39 on Friday. Comtech Telecommunications has a 12-month low of $1.15 and a 12-month high of $6.21. The firm has a market capitalization of $41.89 million, a price-to-earnings ratio of -0.60 and a beta of 1.59. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average of $1.52 and a 200 day moving average of $2.61.

Institutional Investors Weigh In On Comtech Telecommunications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMTL. Vontobel Holding Ltd. bought a new stake in Comtech Telecommunications during the 3rd quarter worth approximately $29,000. Hsbc Holdings PLC lifted its holdings in Comtech Telecommunications by 17.0% during the first quarter. Hsbc Holdings PLC now owns 22,609 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 3,278 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Comtech Telecommunications by 61.7% during the second 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 in the last quarter. Cetera Investment Advisers lifted its holdings in Comtech Telecommunications by 80.6% during the first quarter. Cetera Investment Advisers now owns 40,962 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 18,287 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Comtech Telecommunications in the first quarter worth approximately $236,000.

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.