Comtech Telecommunications (NASDAQ:CMTL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) from a sell rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

Comtech Telecommunications Stock Performance

Comtech Telecommunications stock opened at $3.79 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.69 and a quick ratio of 1.23. The stock has a fifty day moving average price of $4.86 and a two-hundred day moving average price of $4.09. Comtech Telecommunications has a 52-week low of $1.19 and a 52-week high of $6.21. The firm has a market capitalization of $112.69 million, a P/E ratio of -1.70 and a beta of 1.23.

Comtech Telecommunications (NASDAQ:CMTL) last released its quarterly earnings data on Monday, March 16th. The communications equipment provider reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.12. Comtech Telecommunications had a return on equity of 50.25% and a net margin of 2.60%.The firm had revenue of $106.76 million during the quarter, compared to analyst estimates of $113.85 million. As a group, analysts anticipate that Comtech Telecommunications will post -2.38 EPS for the current fiscal year.

Institutional Trading of Comtech Telecommunications

Several large investors have recently made changes to their positions in the business. Royce & Associates LP grew its holdings in shares of Comtech Telecommunications by 2.5% during the fourth quarter. Royce & Associates LP now owns 1,631,098 shares of the communications equipment provider’s stock worth $8,629,000 after purchasing an additional 40,400 shares during the last quarter. QVT Financial LP grew its holdings in shares of Comtech Telecommunications by 41.4% during the fourth quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock worth $6,997,000 after purchasing an additional 407,998 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Comtech Telecommunications by 91.4% during the fourth quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock worth $3,892,000 after purchasing an additional 351,318 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Comtech Telecommunications by 28.0% during the fourth quarter. MML Investors Services LLC now owns 410,596 shares of the communications equipment provider’s stock worth $2,172,000 after purchasing an additional 89,755 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Comtech Telecommunications by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock worth $1,792,000 after purchasing an additional 3,411 shares during the last quarter.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.