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

Comtech Telecommunications (NASDAQ:CMTL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Monday.

Separately, Weiss Ratings cut Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Comtech Telecommunications Trading Up 4.8%

Shares of Comtech Telecommunications stock opened at $1.73 on Monday. The company’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $4.23. The stock has a market capitalization of $51.83 million, a PE ratio of -0.78 and a beta of 1.51. Comtech Telecommunications has a 1-year low of $1.59 and a 1-year high of $6.21. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.61 and a quick ratio of 1.19.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings data on Monday, June 15th. The communications equipment provider reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. Comtech Telecommunications had a negative net margin of 5.52% and a positive return on equity of 9.77%. The firm had revenue of $106.00 million during the quarter, compared to the consensus estimate of $110.20 million. As a group, equities analysts anticipate that Comtech Telecommunications will post -0.9 earnings per share for the current year.

Hedge Funds Weigh In On Comtech Telecommunications

Hedge funds and other institutional investors have recently modified their holdings of the stock. QVT Financial LP boosted its stake in Comtech Telecommunications by 41.4% during the fourth quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock valued at $6,997,000 after buying an additional 407,998 shares during the last quarter. Marshall Wace LLP increased its stake in Comtech Telecommunications by 91.4% in the 4th quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock worth $3,892,000 after acquiring an additional 351,318 shares during the last quarter. Beartown Capital Management LLC purchased a new stake in shares of Comtech Telecommunications during the 4th quarter worth approximately $1,332,000. Globeflex Capital L P bought a new position in shares of Comtech Telecommunications during the 1st quarter valued at approximately $654,000. Finally, Potomac Capital Management Inc. bought a new position in shares of Comtech Telecommunications during the 4th quarter valued at approximately $851,000.

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.