Comtech Telecommunications (NASDAQ:CMTL) Upgraded by StockNews.com to Sell Rating

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued to clients and investors on Thursday.

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

Comtech Telecommunications Price Performance

CMTL stock opened at $4.20 on Thursday. The company has a market capitalization of $122.33 million, a P/E ratio of -0.89 and a beta of 1.52. The company has a fifty day moving average price of $3.38 and a 200-day moving average price of $3.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $8.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CMTL. TCW Group Inc. bought a new position in shares of Comtech Telecommunications during the 3rd quarter worth approximately $3,452,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Comtech Telecommunications in the second quarter worth $174,000. AQR Capital Management LLC increased its stake in Comtech Telecommunications by 90.4% in the second quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider’s stock valued at $629,000 after purchasing an additional 98,479 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the second quarter valued at about $37,000. Finally, XTX Topco Ltd boosted its position in shares of Comtech Telecommunications by 306.2% during the 2nd quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after purchasing an additional 64,659 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.