Comtech Telecommunications (NASDAQ:CMTL) Downgraded to “Sell” Rating by Wall Street Zen

Comtech Telecommunications (NASDAQ:CMTL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Separately, Weiss Ratings downgraded Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Comtech Telecommunications Stock Performance

Shares of CMTL opened at $1.61 on Monday. The firm has a market capitalization of $48.39 million, a price-to-earnings ratio of -0.73 and a beta of 1.51. 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 has a 1-year low of $1.59 and a 1-year high of $6.21. The company has a 50-day moving average of $3.35 and a 200 day moving average of $4.28.

Comtech Telecommunications (NASDAQ:CMTL) last issued its earnings results on Monday, June 15th. The communications equipment provider reported ($0.22) EPS for the quarter, topping 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 business had revenue of $106.00 million for the quarter, compared to the consensus estimate of $110.20 million. On average, research analysts expect that Comtech Telecommunications will post -0.9 EPS for the current year.

Institutional Trading of Comtech Telecommunications

A number of institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of Comtech Telecommunications in the 4th quarter worth approximately $26,000. Cresset Asset Management LLC purchased a new stake in Comtech Telecommunications during the third quarter valued at approximately $39,000. Dynamic Technology Lab Private Ltd purchased a new stake in Comtech Telecommunications during the first quarter valued at approximately $59,000. Cetera Investment Advisers boosted its stake in Comtech Telecommunications by 25.9% in 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. Finally, Goldman Sachs Group Inc. boosted its stake in Comtech Telecommunications by 86.8% in the first quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after acquiring an additional 20,726 shares in the last quarter.

Comtech Telecommunications Company Profile

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.