Northcoast Research Begins Coverage on Comtech Telecommunications (NASDAQ:CMTL)

Analysts at Northcoast Research began coverage on shares of Comtech Telecommunications (NASDAQ:CMTL) in a report issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $2.50 price target on the communications equipment provider’s stock. Northcoast Research’s target price indicates a potential upside of 44.51% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. Weiss Ratings downgraded Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of Comtech Telecommunications from a “hold” rating to a “sell” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.50.

Comtech Telecommunications Price Performance

Shares of NASDAQ CMTL opened at $1.73 on Thursday. The company has a fifty day moving average price of $3.15 and a 200 day moving average price of $4.16. The firm has a market cap of $51.83 million, a PE ratio of -0.78 and a beta of 1.51. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 4.02. Comtech Telecommunications has a 1-year low of $1.59 and a 1-year high of $6.21.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Monday, June 15th. The communications equipment provider reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. Comtech Telecommunications had a positive return on equity of 9.77% and a negative net margin of 5.52%.The company had revenue of $106.00 million for the quarter, compared to analyst estimates of $110.20 million. Research analysts predict that Comtech Telecommunications will post -0.9 earnings per share for the current fiscal year.

Institutional Trading of Comtech Telecommunications

Several institutional investors and hedge funds have recently bought and sold shares of CMTL. Royce & Associates LP grew its stake in Comtech Telecommunications by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,631,098 shares of the communications equipment provider’s stock valued at $8,629,000 after purchasing an additional 40,400 shares in the last quarter. QVT Financial LP raised its stake in shares of Comtech Telecommunications by 41.4% during the 4th quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock worth $6,997,000 after purchasing an additional 407,998 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Comtech Telecommunications by 91.4% during the 4th quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock worth $3,892,000 after purchasing an additional 351,318 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Comtech Telecommunications by 28.0% in the 4th quarter. MML Investors Services LLC now owns 410,596 shares of the communications equipment provider’s stock valued at $2,172,000 after buying an additional 89,755 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Comtech Telecommunications by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock valued at $1,792,000 after buying an additional 3,411 shares during the last quarter.

Comtech Telecommunications Company Profile

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.