Comtech Telecomm. (NASDAQ:CMTL) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research firms also recently issued reports on CMTL. BidaskClub downgraded Comtech Telecomm. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Noble Financial set a $38.00 target price on Comtech Telecomm. and gave the company a “buy” rating in a research report on Saturday, December 8th. TheStreet downgraded Comtech Telecomm. from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. Finally, Zacks Investment Research downgraded Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Comtech Telecomm. presently has an average rating of “Buy” and an average price target of $34.80.

NASDAQ:CMTL opened at $27.20 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.51 and a current ratio of 2.14. The stock has a market capitalization of $650.68 million, a P/E ratio of 36.27, a P/E/G ratio of 5.17 and a beta of 1.32. Comtech Telecomm. has a 52-week low of $21.66 and a 52-week high of $36.94.

Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Thursday, December 6th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.23. The business had revenue of $160.80 million for the quarter, compared to the consensus estimate of $129.30 million. Comtech Telecomm. had a return on equity of 5.05% and a net margin of 5.72%. Comtech Telecomm.’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) earnings per share. On average, analysts anticipate that Comtech Telecomm. will post 1.02 earnings per share for the current year.

In other Comtech Telecomm. news, Director Edwin Kantor sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $25.50, for a total transaction of $25,500.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at $12,750. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John Branscum sold 1,158 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $25.16, for a total value of $29,135.28. Following the transaction, the vice president now directly owns 35,162 shares in the company, valued at approximately $884,675.92. The disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Comtech Telecomm. by 3.2% during the fourth quarter. BlackRock Inc. now owns 3,637,049 shares of the communications equipment provider’s stock worth $88,526,000 after buying an additional 111,215 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Comtech Telecomm. by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,381 shares of the communications equipment provider’s stock worth $48,908,000 after acquiring an additional 22,723 shares during the period. Vanguard Group Inc boosted its holdings in shares of Comtech Telecomm. by 3.8% during the third quarter. Vanguard Group Inc now owns 1,581,170 shares of the communications equipment provider’s stock worth $57,348,000 after acquiring an additional 57,669 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Comtech Telecomm. by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,581,170 shares of the communications equipment provider’s stock worth $57,348,000 after acquiring an additional 57,669 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Comtech Telecomm. by 22.9% during the fourth quarter. Ceredex Value Advisors LLC now owns 554,866 shares of the communications equipment provider’s stock worth $13,506,000 after acquiring an additional 103,266 shares during the period. 90.65% of the stock is currently owned by hedge funds and other institutional investors.

Comtech Telecomm. Company Profile

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

Further Reading: What are retained earnings?

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Analyst Recommendations for Comtech Telecomm. (NASDAQ:CMTL)

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