Comtech Telecomm. (NASDAQ:CMTL) Upgraded at Zacks Investment Research

Comtech Telecomm. (NASDAQ:CMTL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $30.00 price objective on the communications equipment provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.24% from the stock’s current price.

According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. “

A number of other brokerages have also recently commented on CMTL. ValuEngine upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. BidaskClub cut shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Noble Financial restated a “buy” rating and set a $38.00 price target on shares of Comtech Telecomm. in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.00.



NASDAQ CMTL opened at $26.26 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.79 and a quick ratio of 1.28. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $36.94. The stock has a market capitalization of $656.79 million, a P/E ratio of 35.01, a P/E/G ratio of 4.46 and a beta of 1.30.

Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The business had revenue of $170.40 million during the quarter, compared to analysts’ expectations of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Comtech Telecomm. will post 1.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CMTL. Resources Investment Advisors Inc. lifted its stake in Comtech Telecomm. by 56.9% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 640 shares during the period. Investors Research Corp acquired a new stake in shares of Comtech Telecomm. during the first quarter worth approximately $56,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Comtech Telecomm. during the fourth quarter worth approximately $89,000. ClariVest Asset Management LLC acquired a new stake in shares of Comtech Telecomm. during the fourth quarter worth approximately $148,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Comtech Telecomm. by 434.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 6,479 shares in the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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Comtech Telecomm. (NASDAQ:CMTL) Upgraded at Zacks Investment Research

Comtech Telecomm. (NASDAQ:CMTL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $30.00 price objective on the communications equipment provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.24% from the stock’s current price.

According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. “

A number of other brokerages have also recently commented on CMTL. ValuEngine upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. BidaskClub cut shares of Comtech Telecomm. from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Noble Financial restated a “buy” rating and set a $38.00 price target on shares of Comtech Telecomm. in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.00.



NASDAQ CMTL opened at $26.26 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.79 and a quick ratio of 1.28. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $36.94. The stock has a market capitalization of $656.79 million, a P/E ratio of 35.01, a P/E/G ratio of 4.46 and a beta of 1.30.

Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The business had revenue of $170.40 million during the quarter, compared to analysts’ expectations of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Comtech Telecomm. will post 1.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CMTL. Resources Investment Advisors Inc. lifted its stake in Comtech Telecomm. by 56.9% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 640 shares during the period. Investors Research Corp acquired a new stake in shares of Comtech Telecomm. during the first quarter worth approximately $56,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Comtech Telecomm. during the fourth quarter worth approximately $89,000. ClariVest Asset Management LLC acquired a new stake in shares of Comtech Telecomm. during the fourth quarter worth approximately $148,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Comtech Telecomm. by 434.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 6,479 shares in the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

Featured Story: What are retained earnings?

Get a free copy of the Zacks research report on Comtech Telecomm. (CMTL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with MarketBeat.com's FREE daily email newsletter.