Comtech Telecommunications (NASDAQ:CMTL) Upgraded at StockNews.com

StockNews.com upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) to a sell rating in a research note released on Tuesday morning.

Separately, B. Riley reduced their price target on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a research note on Monday, November 4th.

Comtech Telecommunications Stock Performance

CMTL stock opened at $2.71 on Tuesday. The company has a 50-day simple moving average of $3.66 and a 200 day simple moving average of $3.09. The company has a market capitalization of $78.24 million, a P/E ratio of -0.58 and a beta of 1.61. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $12.57.

Hedge Funds Weigh In On Comtech Telecommunications

Several large investors have recently made changes to their positions in CMTL. B. Riley Financial Inc. acquired a new stake in Comtech Telecommunications during the third quarter valued at approximately $155,000. 272 Capital LP acquired a new stake in shares of Comtech Telecommunications during the 3rd quarter valued at $94,000. Royce & Associates LP bought a new stake in shares of Comtech Telecommunications during the 3rd quarter worth $4,759,000. Covestor Ltd acquired a new position in shares of Comtech Telecommunications in the 3rd quarter worth $28,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications in the 2nd quarter worth $37,000.

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.