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

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by analysts at StockNews.com to a “sell” rating in a report released on Thursday.

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

Comtech Telecommunications Trading Down 5.9 %

Shares of Comtech Telecommunications stock opened at $4.01 on Thursday. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $8.67. The firm has a market capitalization of $116.79 million, a PE ratio of -0.85 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 $3.42.

Institutional Trading of Comtech Telecommunications

Several hedge funds have recently modified their holdings of CMTL. 272 Capital LP acquired a new stake in Comtech Telecommunications in the 3rd quarter valued at about $94,000. TCW Group Inc. bought a new stake in shares of Comtech Telecommunications in the 3rd quarter valued at about $3,452,000. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 33,305 shares during the period. MML Investors Services LLC lifted its holdings in Comtech Telecommunications by 39.5% during the third quarter. MML Investors Services LLC now owns 176,128 shares of the communications equipment provider’s stock worth $847,000 after acquiring an additional 49,861 shares in the last quarter. Finally, Penn Mutual Asset Management grew its position in shares of Comtech Telecommunications by 62.7% in 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.

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.