TheStreet Upgrades Comtech Telecomm. (NASDAQ:CMTL) to “B-“

Comtech Telecomm. (NASDAQ:CMTL) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Monday, June 24th, TheStreetRatingsTable reports.

CMTL has been the topic of several other research reports. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, June 12th. Noble Financial reaffirmed a “buy” rating and set a $38.00 target price on shares of Comtech Telecomm. in a research report on Wednesday, March 13th. Finally, ValuEngine raised YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.00.

NASDAQ:CMTL traded down $0.47 during midday trading on Monday, hitting $27.32. 56,000 shares of the stock were exchanged, compared to its average volume of 162,700. The company has a market cap of $677.07 million, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 4.60 and a beta of 1.49. Comtech Telecomm. has a one year low of $20.94 and a one year high of $36.94. The company’s 50-day moving average price is $26.74. 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. (NASDAQ:CMTL) last posted its quarterly earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $170.40 million for the quarter, compared to the consensus estimate of $162.30 million. Comtech Telecomm. had a return on equity of 6.88% and a net margin of 3.98%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, analysts forecast that Comtech Telecomm. will post 1.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Resources Investment Advisors Inc. increased its holdings in shares of Comtech Telecomm. by 56.9% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock valued at $43,000 after buying an additional 640 shares in the last quarter. Investors Research Corp bought a new stake in Comtech Telecomm. in the first quarter worth $56,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Comtech Telecomm. in the fourth quarter worth $89,000. Metropolitan Life Insurance Co. NY boosted its holdings in Comtech Telecomm. by 434.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock worth $194,000 after purchasing an additional 6,479 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in Comtech Telecomm. in the fourth quarter worth $221,000. Institutional investors and hedge funds own 86.96% 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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