Comtech Telecommunications (NASDAQ:CMTL) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Comtech Telecommunications (NASDAQ:CMTL) from a hold rating to a sell rating in a research report report published on Monday morning.

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

Comtech Telecommunications Stock Down 1.2%

Comtech Telecommunications stock opened at $1.71 on Monday. The stock’s 50 day moving average price is $3.23 and its 200 day moving average price is $4.20. Comtech Telecommunications has a 1-year low of $1.59 and a 1-year high of $6.21. The company has a market cap of $51.23 million, a PE ratio of -0.77 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 (NASDAQ:CMTL) last released its quarterly earnings data on Monday, June 15th. The communications equipment provider reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $106.00 million during the quarter, compared to analysts’ expectations of $110.20 million. On average, sell-side analysts predict that Comtech Telecommunications will post -0.9 EPS for the current fiscal year.

Institutional Trading of Comtech Telecommunications

Several large investors have recently bought and sold shares of CMTL. Royce & Associates LP increased its position in shares of Comtech Telecommunications by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,631,098 shares of the communications equipment provider’s stock valued at $8,629,000 after buying an additional 40,400 shares in the last quarter. QVT Financial LP boosted its position in shares of Comtech Telecommunications by 41.4% in the 4th quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock worth $6,997,000 after buying an additional 407,998 shares in the last quarter. Marshall Wace LLP grew 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 valued at $3,892,000 after acquiring an additional 351,318 shares during the last quarter. MML Investors Services LLC grew its stake in Comtech Telecommunications by 28.0% in the 4th quarter. MML Investors Services LLC now owns 410,596 shares of the communications equipment provider’s stock valued at $2,172,000 after acquiring an additional 89,755 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Comtech Telecommunications by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock valued at $1,792,000 after acquiring an additional 3,411 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.