Comtech Telecommunications (NASDAQ:CMTL) Lifted to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) from an underperform rating to a hold rating in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage currently has $3.50 price objective on the communications equipment provider’s stock.

Comtech Telecommunications Stock Down 2.9 %

Shares of NASDAQ CMTL opened at $3.03 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.78 and a quick ratio of 1.28. The stock has a market capitalization of $86.32 million, a PE ratio of -2.15, a P/E/G ratio of 4.95 and a beta of 1.65. Comtech Telecommunications has a one year low of $1.53 and a one year high of $13.04. The business’s fifty day moving average price is $2.35 and its 200-day moving average price is $4.70.

Hedge Funds Weigh In On Comtech Telecommunications

Large investors have recently modified their holdings of the business. Wasatch Advisors LP purchased a new position in Comtech Telecommunications in the 1st quarter valued at approximately $2,651,000. Invenomic Capital Management LP grew its position in shares of Comtech Telecommunications by 369.1% in the first quarter. Invenomic Capital Management LP now owns 886,135 shares of the communications equipment provider’s stock valued at $3,039,000 after purchasing an additional 697,248 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Comtech Telecommunications by 1,170.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 631,552 shares of the communications equipment provider’s stock valued at $5,526,000 after purchasing an additional 581,850 shares during the period. Penn Mutual Asset Management LLC bought a new position in Comtech Telecommunications in the 4th quarter worth about $2,898,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Comtech Telecommunications during the 4th quarter valued at about $1,959,000.

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.