Comtech Telecommunications (NASDAQ:CMTL) Upgraded 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 shares of 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 Up 8.4 %

CMTL opened at $4.37 on Tuesday. The stock has a market capitalization of $127.28 million, a price-to-earnings ratio of -0.93 and a beta of 1.57. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $8.71. 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 business has a 50-day moving average of $3.35 and a two-hundred day moving average of $3.36.

Hedge Funds Weigh In On Comtech Telecommunications

Several hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd acquired a new stake in Comtech Telecommunications in the 3rd quarter valued at $28,000. B. Riley Wealth Advisors Inc. acquired a new stake in Comtech Telecommunications in the second quarter valued at $31,000. Point72 DIFC Ltd bought a new position in shares of Comtech Telecommunications during the second quarter worth about $37,000. 272 Capital LP bought a new position in Comtech Telecommunications during the 3rd quarter worth approximately $94,000. Finally, B. Riley Financial Inc. bought a new stake in shares of Comtech Telecommunications in the 3rd quarter valued at approximately $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.