Comtech Telecommunications (NASDAQ:CMTL) Upgraded to “Hold” at Wall Street Zen

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings lowered shares of Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Comtech Telecommunications Price Performance

NASDAQ CMTL traded up $0.04 during trading hours on Friday, hitting $1.91. The company had a trading volume of 323,996 shares, compared to its average volume of 1,172,181. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.19 and a current ratio of 1.61. The firm has a market capitalization of $57.22 million, a price-to-earnings ratio of -0.86 and a beta of 1.51. Comtech Telecommunications has a 52 week low of $1.80 and a 52 week high of $6.21. The firm has a 50 day simple moving average of $3.55 and a 200 day simple moving average of $4.38.

Comtech Telecommunications (NASDAQ:CMTL) last announced its quarterly earnings results on Monday, June 15th. The communications equipment provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.05. Comtech Telecommunications had a positive return on equity of 9.77% and a negative net margin of 5.52%.The firm had revenue of $106.00 million for the quarter, compared to analysts’ expectations of $110.20 million. Equities research analysts expect that Comtech Telecommunications will post -0.9 earnings per share for the current year.

Hedge Funds Weigh In On Comtech Telecommunications

A number of institutional investors have recently added to or reduced their stakes in CMTL. QVT Financial LP increased its holdings in shares of Comtech Telecommunications by 41.4% in the 4th quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock worth $6,997,000 after buying an additional 407,998 shares during the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Comtech Telecommunications during the 4th quarter worth $851,000. Royce & Associates LP grew its position in Comtech Telecommunications by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,631,098 shares of the communications equipment provider’s stock worth $8,629,000 after acquiring an additional 40,400 shares in the last quarter. Cetera Investment Advisers grew its position in Comtech Telecommunications by 80.6% in the first quarter. Cetera Investment Advisers now owns 40,962 shares of the communications equipment provider’s stock worth $136,000 after acquiring an additional 18,287 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Comtech Telecommunications in the fourth quarter valued at $26,000.

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.