BidaskClub upgraded shares of Comtech Telecomm. (NASDAQ:CMTL) from a hold rating to a buy rating in a research report released on Thursday, BidAskClub reports.

A number of other research analysts have also weighed in on CMTL. Zacks Investment Research lowered Comtech Telecomm. from a buy rating to a hold rating in a report on Monday, August 12th. TheStreet raised Comtech Telecomm. from a c+ rating to a b- rating in a report on Monday, June 24th. Finally, ValuEngine raised Comtech Telecomm. from a sell rating to a hold rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $36.00.

CMTL stock opened at $29.85 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $734.76 million, a PE ratio of 39.80, a PEG ratio of 4.14 and a beta of 1.47. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $36.94. The stock has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $25.47.

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its holdings in Comtech Telecomm. by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 37,443 shares of the communications equipment provider’s stock valued at $1,053,000 after buying an additional 565 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Comtech Telecomm. by 3.8% during the first quarter. Texas Permanent School Fund now owns 16,232 shares of the communications equipment provider’s stock worth $377,000 after purchasing an additional 588 shares in the last quarter. Comerica Bank grew its holdings in shares of Comtech Telecomm. by 3.0% during the first quarter. Comerica Bank now owns 23,604 shares of the communications equipment provider’s stock worth $555,000 after purchasing an additional 681 shares in the last quarter. Swiss National Bank grew its holdings in shares of Comtech Telecomm. by 2.1% during the second quarter. Swiss National Bank now owns 44,500 shares of the communications equipment provider’s stock worth $1,251,000 after purchasing an additional 900 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Comtech Telecomm. by 1.4% during the second quarter. Prudential Financial Inc. now owns 70,593 shares of the communications equipment provider’s stock worth $1,984,000 after purchasing an additional 950 shares in the last quarter. 86.91% of the stock is owned by institutional investors and hedge funds.

About Comtech Telecomm.

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.

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