Comtech Telecommunications (NASDAQ:CMTL) Price Target Cut to $9.25 by Analysts at B. Riley

Comtech Telecommunications (NASDAQ:CMTL) had its target price dropped by B. Riley from $12.25 to $9.25 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. B. Riley’s price target points to a potential upside of 272.98% from the stock’s current price.

Comtech Telecommunications Stock Performance

NASDAQ CMTL opened at $2.48 on Monday. The stock’s fifty day moving average is $3.74 and its two-hundred day moving average is $3.07. The firm has a market capitalization of $71.60 million, a P/E ratio of -0.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $12.99.

Institutional Investors Weigh In On Comtech Telecommunications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Archon Capital Management LLC raised its position in Comtech Telecommunications by 15.4% in the first quarter. Archon Capital Management LLC now owns 1,655,473 shares of the communications equipment provider’s stock valued at $5,678,000 after purchasing an additional 221,380 shares during the period. Vanguard Group Inc. raised its position in Comtech Telecommunications by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,455,621 shares of the communications equipment provider’s stock valued at $4,993,000 after purchasing an additional 10,111 shares during the period. Invenomic Capital Management LP raised its position in Comtech Telecommunications by 369.1% in the first quarter. Invenomic Capital Management LP now owns 886,135 shares of the communications equipment provider’s stock valued at $3,039,000 after purchasing an additional 697,248 shares during the period. Pacific Ridge Capital Partners LLC raised its position in 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 during the period. Finally, Huber Capital Management LLC raised its holdings in shares of Comtech Telecommunications by 19.6% in the 1st quarter. Huber Capital Management LLC now owns 278,128 shares of the communications equipment provider’s stock valued at $954,000 after buying an additional 45,616 shares during the period.

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.