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

Key Points

• Wall Street Zen has downgraded Comtech from a "Hold" to a "Sell", and Weiss Ratings reissued a "sell (d-);" the analyst mix is 1 Buy, 1 Hold and 1 Sell, leaving a consensus rating of Hold with a $6.00 price target.
• Shares opened at $3.62 (down 3.2%), trade in a 52‑week range of $1.19–$6.21 with a market cap of $107.4M, a negative P/E (-1.62) and a high debt‑to‑equity ratio (3.22).
• In the latest quarter Comtech reported EPS of ($0.18) which beat estimates of ($0.30) but missed revenue ($106.8M vs. $113.9M), and analysts forecast a full‑year EPS of -2.38.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Comtech Telecommunications in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.00.

Comtech Telecommunications Stock Down 3.2%

NASDAQ:CMTL opened at $3.62 on Friday. Comtech Telecommunications has a 52 week low of $1.19 and a 52 week high of $6.21. The stock's fifty day moving average is $5.37 and its two-hundred day moving average is $3.98. The stock has a market capitalization of $107.44 million, a price-to-earnings ratio of -1.62 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.69 and a debt-to-equity ratio of 3.22.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last posted its earnings results on Monday, March 16th. The communications equipment provider reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.12. Comtech Telecommunications had a return on equity of 50.25% and a net margin of 2.60%.The firm had revenue of $106.76 million for the quarter, compared to analyst estimates of $113.85 million. Research analysts anticipate that Comtech Telecommunications will post -2.38 EPS for the current year.

Hedge Funds Weigh In On Comtech Telecommunications

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Comtech Telecommunications by 175,873.3% during the 4th quarter. NewEdge Advisors LLC now owns 26,396 shares of the communications equipment provider's stock worth $140,000 after buying an additional 26,381 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Comtech Telecommunications during the 3rd quarter worth about $92,000. Squarepoint Ops LLC purchased a new position in shares of Comtech Telecommunications in the 3rd quarter valued at about $80,000. Goldman Sachs Group Inc. raised its position in shares of Comtech Telecommunications by 86.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider's stock worth $71,000 after acquiring an additional 20,726 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Comtech Telecommunications by 25.9% during the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider's stock worth $62,000 after acquiring an additional 5,192 shares in 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.

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