Comtech Telecommunications (NASDAQ:CMTL) Now Covered by Northcoast Research

Northcoast Research started coverage on shares of Comtech Telecommunications (NASDAQ:CMTL) in a research report report published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $2.50 target price on the communications equipment provider’s stock.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Wall Street Zen cut shares of Comtech Telecommunications from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Comtech Telecommunications has an average rating of “Hold” and an average target price of $2.50.

Comtech Telecommunications Trading Up 2.9%

NASDAQ:CMTL opened at $1.76 on Thursday. Comtech Telecommunications has a 12 month low of $1.59 and a 12 month high of $6.21. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 4.02. The firm’s 50 day moving average is $3.19 and its 200 day moving average is $4.18. The stock has a market capitalization of $52.73 million, a PE ratio of -0.80 and a beta of 1.51.

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

Hedge Funds Weigh In On Comtech Telecommunications

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in Comtech Telecommunications in the 4th quarter worth approximately $26,000. Cresset Asset Management LLC bought a new position in shares of Comtech Telecommunications in the third quarter worth $39,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Comtech Telecommunications in the first quarter worth $59,000. Cetera Investment Advisers raised its position in shares of Comtech Telecommunications by 25.9% in the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after buying an additional 5,192 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Comtech Telecommunications by 86.8% during the first quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 20,726 shares during the period.

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.