Weiss Ratings Reaffirms Sell (D-) Rating for Comtech Telecommunications (NASDAQ:CMTL)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Comtech Telecommunications (NASDAQ:CMTL) in a recent research report.
• Despite the negative rating from Weiss, Wall Street Zen upgraded CMTL from a "sell" to a "hold" rating, indicating mixed analyst opinions about the stock.
• Comtech's shares have experienced a recent uptick, trading up 7.0% to $3.35, with a 52-week range between $1.19 and $4.88.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Comtech Telecommunications from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.00.

Comtech Telecommunications Trading Up 7.0%

Shares of Comtech Telecommunications stock traded up $0.22 on Friday, reaching $3.35. 407,839 shares of the company were exchanged, compared to its average volume of 178,513. Comtech Telecommunications has a fifty-two week low of $1.19 and a fifty-two week high of $4.88. The firm has a market capitalization of $98.49 million, a price-to-earnings ratio of -0.33 and a beta of 1.30. The stock has a fifty day moving average price of $2.50 and a 200-day moving average price of $2.18.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 earnings per share for the quarter. The firm had revenue of $122.12 million for the quarter. Comtech Telecommunications had a negative return on equity of 15.38% and a negative net margin of 51.28%. Comtech Telecommunications has set its FY 2023 guidance at EPS. On average, equities analysts anticipate that Comtech Telecommunications will post -2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comtech Telecommunications

A number of hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in Comtech Telecommunications by 25.9% during the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider's stock valued at $62,000 after acquiring an additional 5,192 shares in the last quarter. Penserra Capital Management LLC grew its position in Comtech Telecommunications by 21.5% in the first quarter. Penserra Capital Management LLC now owns 64,590 shares of the communications equipment provider's stock worth $103,000 after acquiring an additional 11,451 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Comtech Telecommunications by 4.4% during the 2nd quarter. MML Investors Services LLC now owns 283,344 shares of the communications equipment provider's stock worth $694,000 after purchasing an additional 11,988 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 valued at $71,000 after purchasing an additional 20,726 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Comtech Telecommunications by 7.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 494,174 shares of the communications equipment provider's stock valued at $791,000 after purchasing an additional 34,544 shares in 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.

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