Comtech Telecommunications (NASDAQ:CMTL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Comtech from "sell" to "hold" while Weiss Ratings reaffirmed a "sell (D-)," leaving the consensus analyst rating at Hold with an average target price of $6.00.
• Comtech reported Q4 EPS of ($0.18), beating estimates of ($0.30) though revenue of $106.8M missed consensus, and analysts forecast about -2.38 EPS for the current year.
• The stock trades around $3.55 with a market cap near $105.6M and a 12‑month range of $1.19–$6.21, and several institutional investors have recently built or increased positions.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Comtech Telecommunications in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.00.

Comtech Telecommunications Stock Performance

Shares of NASDAQ CMTL opened at $3.55 on Friday. Comtech Telecommunications has a 12-month low of $1.19 and a 12-month high of $6.21. The firm has a market capitalization of $105.56 million, a price-to-earnings ratio of -1.59 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 3.22. The firm has a 50 day moving average of $4.89 and a 200 day moving average of $4.06.

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

Institutional Trading of Comtech Telecommunications

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Beartown Capital Management LLC purchased a new stake in Comtech Telecommunications in the 4th quarter worth $1,332,000. NewEdge Advisors LLC grew its position in shares of Comtech Telecommunications by 175,873.3% during the fourth quarter. NewEdge Advisors LLC now owns 26,396 shares of the communications equipment provider's stock valued at $140,000 after purchasing an additional 26,381 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Comtech Telecommunications in the fourth quarter worth about $299,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Comtech Telecommunications in the fourth quarter worth about $168,000. Finally, Squarepoint Ops LLC lifted its position in shares of Comtech Telecommunications by 351.0% in the fourth quarter. Squarepoint Ops LLC now owns 140,649 shares of the communications equipment provider's stock worth $744,000 after buying an additional 109,460 shares in the last quarter.

About Comtech Telecommunications

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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