Comtech Telecommunications (NASDAQ:CMTL) Upgraded by StockNews.com to Sell Rating

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

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

Comtech Telecommunications Stock Performance

Shares of NASDAQ CMTL opened at $4.03 on Tuesday. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $8.71. The company has a current ratio of 1.83, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $117.37 million, a PE ratio of -0.86 and a beta of 1.57. The stock has a 50 day simple moving average of $3.34 and a 200-day simple moving average of $3.35.

Institutional Investors Weigh In On Comtech Telecommunications

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 272 Capital LP purchased a new stake in shares of Comtech Telecommunications during the third quarter valued at $94,000. TCW Group Inc. purchased a new stake in Comtech Telecommunications during the third quarter valued at about $3,452,000. Geode Capital Management LLC boosted its holdings in shares of Comtech Telecommunications by 10.6% in the third quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider’s stock worth $1,669,000 after buying an additional 33,305 shares during the period. MML Investors Services LLC boosted its stake in Comtech Telecommunications by 39.5% in the 3rd quarter. MML Investors Services LLC now owns 176,128 shares of the communications equipment provider’s stock worth $847,000 after purchasing an additional 49,861 shares during the period. Finally, Penn Mutual Asset Management grew its holdings in shares of Comtech Telecommunications by 62.7% during the third quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider’s stock valued at $1,597,000 after buying an additional 128,000 shares in the last quarter.

About Comtech Telecommunications

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.