Comtech Telecommunications (NASDAQ:CMTL) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Comtech Telecommunications (NASDAQ:CMTL - Free Report) to a sell rating in a research note issued to investors on Thursday morning.

Separately, B. Riley reduced their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a "buy" rating on the stock in a research note on Monday, November 4th.

Comtech Telecommunications Trading Up 2.0 %

Shares of CMTL traded up $0.08 during mid-day trading on Thursday, reaching $4.09. 470,602 shares of the company were exchanged, compared to its average volume of 938,964. The business has a 50 day simple moving average of $3.37 and a two-hundred day simple moving average of $3.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The stock has a market capitalization of $119.12 million, a PE ratio of -0.87 and a beta of 1.57. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $8.67.

Institutional Investors Weigh In On Comtech Telecommunications

Several large investors have recently added to or reduced their stakes in the business. TCW Group Inc. acquired a new stake in shares of Comtech Telecommunications during the 3rd quarter worth approximately $3,452,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Comtech Telecommunications in the second quarter worth $174,000. AQR Capital Management LLC grew its holdings in Comtech Telecommunications by 90.4% in the second quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider's stock worth $629,000 after purchasing an additional 98,479 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the second quarter valued at about $37,000. Finally, XTX Topco Ltd boosted its position in shares of Comtech Telecommunications by 306.2% during the 2nd quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider's stock worth $260,000 after purchasing an additional 64,659 shares in the last quarter.

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.