Comtech Telecomm. Upgraded to “Buy” by Noble Financial (CMTL)
Comtech Telecomm. (NYSE:CMTL) was upgraded by stock analysts at Noble Financial from a “hold” rating to a “buy” rating in a report issued on Tuesday, StockRatingsNetwork.com reports.
Shares of Comtech Telecomm. (NYSE:CMTL) traded down 0.86% on Tuesday, hitting $26.63. The stock had a trading volume of 102,303 shares. Comtech Telecomm. has a 1-year low of $22.33 and a 1-year high of $27.89. The stock has a 50-day moving average of $24.84 and a 200-day moving average of $25.64. The company has a market cap of $438.3 million and a price-to-earnings ratio of 27.81.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Comtech Telecomm. from $31.00 to $32.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock.
Comtech Telecommunications Corp. (NYSE:CMTL) designs, develops and markets products, systems and services for communications solutions.
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