Comtech Telecommunications (NASDAQ:CMTL) Lowered to Sell Rating by Wall Street Zen

Comtech Telecommunications (NASDAQ:CMTL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

Comtech Telecommunications Trading Down 3.2%

Shares of Comtech Telecommunications stock opened at $3.62 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.27 and a debt-to-equity ratio of 3.22. The company has a fifty day simple moving average of $5.37 and a 200-day simple moving average of $3.98. The stock has a market cap of $107.44 million, a price-to-earnings ratio of -1.62 and a beta of 1.06. Comtech Telecommunications has a 12-month low of $1.19 and a 12-month high of $6.21.

Comtech Telecommunications (NASDAQ:CMTL) last announced its quarterly 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. Comtech Telecommunications had a net margin of 2.60% and a return on equity of 50.25%. The firm had revenue of $106.76 million for the quarter, compared to analyst estimates of $113.85 million. On average, equities analysts forecast that Comtech Telecommunications will post -2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Comtech Telecommunications

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of Comtech Telecommunications in the fourth quarter valued at about $26,000. Cresset Asset Management LLC purchased a new position in shares of Comtech Telecommunications during the third quarter worth about $39,000. Covestor Ltd acquired a new position in Comtech Telecommunications in the 3rd quarter valued at about $53,000. Dynamic Technology Lab Private Ltd acquired a new position in Comtech Telecommunications in the 1st quarter valued at about $59,000. Finally, Cetera Investment Advisers raised its stake in Comtech Telecommunications by 25.9% during the 2nd 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 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.