Comtech Telecommunications (NASDAQ:CMTL) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) to a sell rating in a research note published on Thursday.

Separately, B. Riley decreased their price objective on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a report on Monday, November 4th.

Comtech Telecommunications Stock Performance

NASDAQ:CMTL opened at $4.20 on Thursday. The company’s 50-day moving average is $3.38 and its two-hundred day moving average is $3.44. Comtech Telecommunications has a 1-year low of $1.53 and a 1-year high of $8.67. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 1.33. The firm has a market capitalization of $122.33 million, a price-to-earnings ratio of -0.89 and a beta of 1.52.

Institutional Investors Weigh In On Comtech Telecommunications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd purchased a new position in shares of Comtech Telecommunications during the 3rd quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. acquired a new position in Comtech Telecommunications during the second quarter worth $31,000. Point72 DIFC Ltd purchased a new position in shares of Comtech Telecommunications during the second quarter worth $37,000. 272 Capital LP acquired a new stake in shares of Comtech Telecommunications in the third quarter valued at $94,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Comtech Telecommunications in the 3rd quarter valued at $155,000.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.