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 report report published on Thursday morning.

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

Comtech Telecommunications Stock Performance

Shares of CMTL stock opened at $4.09 on Thursday. The firm has a market capitalization of $119.12 million, a P/E ratio of -0.87 and a beta of 1.57. 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 company’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $3.43. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $8.67.

Institutional Investors Weigh In On Comtech Telecommunications

Large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in Comtech Telecommunications in the 3rd quarter valued at about $4,759,000. TCW Group Inc. acquired a new position in shares of Comtech Telecommunications in the 3rd quarter valued at $3,452,000. Needham Investment Management LLC raised its holdings in shares of Comtech Telecommunications by 17.8% during the third quarter. Needham Investment Management LLC now owns 1,502,500 shares of the communications equipment provider’s stock valued at $7,227,000 after acquiring an additional 227,500 shares during the period. Penn Mutual Asset Management raised its stake in Comtech Telecommunications by 62.7% during the 3rd quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider’s stock valued at $1,597,000 after purchasing an additional 128,000 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in shares of Comtech Telecommunications by 21.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 562,239 shares of the communications equipment provider’s stock valued at $1,704,000 after purchasing an additional 100,577 shares in the last quarter.

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.