Comtech Telecommunications (NASDAQ:CMTL) Upgraded to “Hold” at Wall Street Zen

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

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

Comtech Telecommunications Stock Performance

NASDAQ CMTL opened at $3.55 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.69 and a quick ratio of 1.23. Comtech Telecommunications has a 1 year low of $1.19 and a 1 year high of $6.21. The company has a market capitalization of $105.54 million, a PE ratio of -1.59 and a beta of 1.23. The company has a fifty day moving average of $4.89 and a two-hundred day moving average of $4.07.

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

Institutional Investors Weigh In On Comtech Telecommunications

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in Comtech Telecommunications by 175,873.3% in the 4th 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 during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Comtech Telecommunications in the 3rd quarter valued at approximately $92,000. Squarepoint Ops LLC acquired a new position in shares of Comtech Telecommunications in the third quarter valued at approximately $80,000. Goldman Sachs Group Inc. increased its holdings in shares of Comtech Telecommunications by 86.8% in the first quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 20,726 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Comtech Telecommunications by 25.9% during the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after purchasing an additional 5,192 shares during 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.