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

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

Separately, B. Riley decreased their price target on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Comtech Telecommunications Stock Performance

Comtech Telecommunications stock traded up $0.19 during trading hours on Tuesday, reaching $4.03. 294,081 shares of the stock were exchanged, compared to its average volume of 945,597. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $8.71. The stock has a market cap of $117.37 million, a P/E ratio of -0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The firm’s 50 day moving average is $3.34 and its 200 day moving average is $3.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its position in 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 purchasing an additional 64,659 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the 2nd quarter worth $37,000. Squarepoint Ops LLC boosted its position in shares of Comtech Telecommunications by 107.0% in the 2nd quarter. Squarepoint Ops LLC now owns 89,070 shares of the communications equipment provider’s stock worth $270,000 after buying an additional 46,041 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Comtech Telecommunications in the 2nd quarter valued at about $174,000. Finally, AQR Capital Management LLC increased its holdings in Comtech Telecommunications by 90.4% during the 2nd quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider’s stock valued at $629,000 after acquiring an additional 98,479 shares in 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.