Comtech Telecommunications (NASDAQ:CMTL) Upgraded at StockNews.com

StockNews.com upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) to a sell rating in a report published on Thursday.

Separately, B. Riley cut their price target on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a report on Monday, November 4th.

Comtech Telecommunications Stock Up 2.7 %

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

Institutional Investors Weigh In On Comtech Telecommunications

Large investors have recently bought and sold shares of the company. Covestor Ltd acquired a new stake in shares of Comtech Telecommunications in the third quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. acquired a new stake in Comtech Telecommunications during the 2nd quarter worth $31,000. Point72 DIFC Ltd purchased a new stake in shares of Comtech Telecommunications during the second quarter worth $37,000. 272 Capital LP acquired a new stake in shares of Comtech Telecommunications in the third quarter valued at about $94,000. Finally, B. Riley Financial Inc. purchased a new position in shares of Comtech Telecommunications in the third quarter worth about $155,000.

Comtech Telecommunications Company Profile

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.