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

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

Comtech Telecommunications Price Performance

Shares of NASDAQ CMTL opened at $3.03 on Tuesday. The business has a fifty day moving average price of $2.35 and a two-hundred day moving average price of $4.70. 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. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.78 and a quick ratio of 1.28. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $13.04.

Institutional Trading of Comtech Telecommunications

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Comtech Telecommunications during the first quarter valued at approximately $81,000. FourWorld Capital Management LLC bought a new position in shares of Comtech Telecommunications in the 1st quarter valued at $153,000. Invenomic Capital Management LP raised its holdings in shares of Comtech Telecommunications by 369.1% during the 1st quarter. Invenomic Capital Management LP now owns 886,135 shares of the communications equipment provider’s stock worth $3,039,000 after buying an additional 697,248 shares in the last quarter. Huber Capital Management LLC boosted its stake in Comtech Telecommunications by 19.6% in the first quarter. Huber Capital Management LLC now owns 278,128 shares of the communications equipment provider’s stock valued at $954,000 after buying an additional 45,616 shares in the last quarter. Finally, Archon Capital Management LLC grew its position in Comtech Telecommunications by 15.4% in the first quarter. Archon Capital Management LLC now owns 1,655,473 shares of the communications equipment provider’s stock valued at $5,678,000 after acquiring an additional 221,380 shares during the last quarter.

About Comtech Telecommunications

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.