Comtech Telecomm. (NASDAQ:CMTL) Raised to Buy at BidaskClub
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.
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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