StockNews.com Upgrades Comtech Telecommunications (NASDAQ:CMTL) to Sell

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

Separately, B. Riley dropped their target price on 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 Price Performance

NASDAQ:CMTL opened at $4.20 on Thursday. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $8.67. The company’s 50-day moving average price is $3.38 and its two-hundred day moving average price is $3.44. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm has a market cap of $122.33 million, a PE ratio of -0.89 and a beta of 1.52.

Hedge Funds Weigh In On Comtech Telecommunications

A number of hedge funds and other institutional investors have recently bought and sold shares of CMTL. TCW Group Inc. acquired a new position in shares of Comtech Telecommunications during the 3rd quarter worth approximately $3,452,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Comtech Telecommunications during the 2nd quarter worth about $174,000. AQR Capital Management LLC boosted its holdings in shares of Comtech Telecommunications by 90.4% during the 2nd quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider’s stock worth $629,000 after buying an additional 98,479 shares during the period. Point72 DIFC Ltd acquired a new position in Comtech Telecommunications in the 2nd quarter valued at about $37,000. Finally, XTX Topco Ltd lifted its position in Comtech Telecommunications by 306.2% during the second quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after acquiring an additional 64,659 shares during the last quarter.

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.