Comtech Telecommunications (NASDAQ:CMTL) Upgraded at StockNews.com

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by StockNews.com to a “sell” rating in a note issued to investors on Tuesday.

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

Comtech Telecommunications Stock Up 4.9 %

Shares of Comtech Telecommunications stock traded up $0.19 during trading on Tuesday, hitting $4.03. 294,081 shares of the stock were exchanged, compared to its average volume of 945,597. The stock has a market cap of $117.37 million, a price-to-earnings ratio of -0.86 and a beta of 1.57. The firm’s 50-day moving average price is $3.34 and its 200 day moving average price is $3.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 1.33. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $8.71.

Hedge Funds Weigh In On Comtech Telecommunications

Several large investors have recently bought and sold shares of CMTL. TCW Group Inc. purchased a new stake in shares of Comtech Telecommunications in the 3rd quarter valued at about $3,452,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Comtech Telecommunications during the second quarter worth approximately $174,000. AQR Capital Management LLC lifted 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 buying an additional 98,479 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Comtech Telecommunications in the second quarter valued at approximately $37,000. Finally, XTX Topco Ltd grew its position in shares of Comtech Telecommunications by 306.2% during the second quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after acquiring an additional 64,659 shares during 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.