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

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

Separately, B. Riley decreased their price target on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a research note on Monday, November 4th.

Comtech Telecommunications Stock Performance

Shares of NASDAQ CMTL opened at $4.37 on Tuesday. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $8.71. The company has a market cap of $127.28 million, a PE ratio of -0.93 and a beta of 1.57. The stock has a 50 day simple moving average of $3.35 and a 200-day simple moving average of $3.36. The company has a current ratio of 1.83, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in Comtech Telecommunications during the third quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Comtech Telecommunications during the 2nd quarter valued at $31,000. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the 2nd quarter valued at $37,000. 272 Capital LP bought a new stake in shares of Comtech Telecommunications in the 3rd quarter worth $94,000. Finally, B. Riley Financial Inc. bought a new position in Comtech Telecommunications during the third quarter valued at about $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.