Comtech Telecommunications (NASDAQ:CMTL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Comtech Telecommunications (NASDAQ:CMTL) from a hold rating to a sell rating in a research note issued to investors on Saturday.

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

Comtech Telecommunications Stock Performance

Shares of Comtech Telecommunications stock opened at $3.62 on Friday. The stock has a market capitalization of $107.44 million, a price-to-earnings ratio of -1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.69 and a quick ratio of 1.27. The business has a 50-day moving average of $5.37 and a 200 day moving average of $3.99. Comtech Telecommunications has a 12 month low of $1.19 and a 12 month high of $6.21.

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

Institutional Investors Weigh In On Comtech Telecommunications

A number of hedge funds have recently bought and sold shares of the stock. Beartown Capital Management LLC purchased a new position in shares of Comtech Telecommunications in the 4th quarter valued at about $1,332,000. NewEdge Advisors LLC increased its stake in shares of Comtech Telecommunications by 175,873.3% during the fourth quarter. NewEdge Advisors LLC now owns 26,396 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 26,381 shares during the period. Jump Financial LLC acquired a new stake in Comtech Telecommunications in the fourth quarter valued at approximately $299,000. OMERS ADMINISTRATION Corp purchased a new position in Comtech Telecommunications in the fourth quarter worth approximately $168,000. Finally, Squarepoint Ops LLC lifted its stake in Comtech Telecommunications by 351.0% in the fourth quarter. Squarepoint Ops LLC now owns 140,649 shares of the communications equipment provider’s stock worth $744,000 after acquiring an additional 109,460 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.