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

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by research analysts at StockNews.com to a “sell” rating in a note issued to investors on Tuesday.

Separately, B. Riley lowered 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 Stock Performance

Shares of CMTL opened at $4.03 on Tuesday. The firm has a market capitalization of $117.37 million, a PE ratio of -0.86 and a beta of 1.57. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $3.33 and a 200 day moving average price of $3.36. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $8.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMTL. Covestor Ltd acquired a new position in shares of Comtech Telecommunications in the 3rd quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Comtech Telecommunications during the 2nd quarter worth $31,000. Point72 DIFC Ltd bought a new stake in shares of Comtech Telecommunications during the 2nd quarter worth $37,000. 272 Capital LP acquired a new position in shares of Comtech Telecommunications in the 3rd quarter worth $94,000. Finally, B. Riley Financial Inc. acquired a new stake in shares of Comtech Telecommunications during the third quarter worth $155,000.

About Comtech Telecommunications

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.