Comtech Telecommunications (NASDAQ:CMTL) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Comtech Telecommunications (NASDAQ:CMTL) from a hold rating to a sell rating in a report published on Saturday morning.

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

Comtech Telecommunications Trading Up 0.6%

NASDAQ:CMTL opened at $3.64 on Friday. Comtech Telecommunications has a 1 year low of $1.19 and a 1 year high of $6.21. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.23 and a current ratio of 1.69. The stock has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $4.02. The stock has a market capitalization of $108.04 million, a price-to-earnings ratio of -1.63 and a beta of 1.06.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMTL. Kestra Advisory Services LLC purchased a new stake in Comtech Telecommunications in the 4th quarter valued at approximately $26,000. Cresset Asset Management LLC purchased a new position in Comtech Telecommunications during the third quarter worth $39,000. Covestor Ltd acquired a new position in shares of Comtech Telecommunications in the third quarter worth $53,000. Cetera Investment Advisers lifted its position in shares of Comtech Telecommunications by 25.9% in the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after acquiring an additional 5,192 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Comtech Telecommunications by 175,873.3% in the fourth quarter. NewEdge Advisors LLC now owns 26,396 shares of the communications equipment provider’s stock valued at $140,000 after acquiring an additional 26,381 shares in the last quarter.

About Comtech Telecommunications

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.