B. Riley Lowers Comtech Telecommunications (NASDAQ:CMTL) Price Target to $9.25

Comtech Telecommunications (NASDAQ:CMTL) had its price objective reduced by B. Riley from $12.25 to $9.25 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. B. Riley’s target price suggests a potential upside of 272.98% from the stock’s current price.

Comtech Telecommunications Stock Up 0.4 %

Comtech Telecommunications stock opened at $2.48 on Monday. The firm has a market cap of $71.60 million, a price-to-earnings ratio of -0.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $12.99. The business’s 50-day moving average price is $3.74 and its 200 day moving average price is $3.07. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56.

Institutional Trading of Comtech Telecommunications

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Archon Capital Management LLC increased its position in shares of Comtech Telecommunications by 15.4% in the first quarter. Archon Capital Management LLC now owns 1,655,473 shares of the communications equipment provider’s stock valued at $5,678,000 after buying an additional 221,380 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Comtech Telecommunications by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,455,621 shares of the communications equipment provider’s stock worth $4,993,000 after acquiring an additional 10,111 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Comtech Telecommunications by 369.1% in the first quarter. Invenomic Capital Management LP now owns 886,135 shares of the communications equipment provider’s stock worth $3,039,000 after acquiring an additional 697,248 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Comtech Telecommunications by 21.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 562,239 shares of the communications equipment provider’s stock worth $1,704,000 after acquiring an additional 100,577 shares during the last quarter. Finally, Huber Capital Management LLC boosted its stake in shares of Comtech Telecommunications by 19.6% in the first quarter. Huber Capital Management LLC now owns 278,128 shares of the communications equipment provider’s stock worth $954,000 after acquiring an additional 45,616 shares during 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.