Comtech Telecomms (NASDAQ:CMTL) Covered By Yet Another Research Firm

May 17, 2018 - By Jimmy Baldridge

Investors sentiment increased to 1.91 in 2017 Q4. Its up 0.60, from 1.31 in 2017Q3. It increased, as 12 investors sold Comtech Telecommunications Corp. shares while 32 reduced holdings. 41 funds opened positions while 43 raised stakes. 20.08 million shares or 4.06% more from 19.30 million shares in 2017Q3 were reported.

Mondrian Prtn Ltd reported 171,329 shares. Hotchkis & Wiley Capital Ltd Liability owns 80,479 shares. Alliancebernstein Lp stated it has 0% of its portfolio in Comtech Telecommunications Corp. (NASDAQ:CMTL). Systematic Financial Lp invested in 0.03% or 67,155 shares. Profit Invest Mgmt Ltd Liability Com holds 112,134 shares or 1.89% of its portfolio. Assetmark owns 8 shares or 0% of their US portfolio. Mutual Of America Mngmt Limited Co reported 176,459 shares. New Jersey-based Jacobs Levy Equity Management has invested 0.03% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Vanguard Group Inc Inc has invested 0% in Comtech Telecommunications Corp. (NASDAQ:CMTL). State Of Alaska Department Of Revenue owns 4,650 shares. Bridgeway Capital reported 0.03% stake. Capital Fund Mngmt holds 10,200 shares. Louisiana State Employees Retirement Sys invested in 0.01% or 10,200 shares. Indexiq Ltd Liability has 0.08% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 95,573 shares. Federated Investors Pa holds 0% or 401 shares.

Since December 11, 2017, it had 0 buys, and 5 selling transactions for $4.54 million activity. KANTOR EDWIN sold $101,166 worth of stock. $309,750 worth of Comtech Telecommunications Corp. (NASDAQ:CMTL) was sold by KORNBERG FRED on Monday, December 11. Shares for $2.52M were sold by BURT RICHARD L on Monday, March 12.

Why Has Citigroup Given Comtech Telecomms (NASDAQ:CMTL) a $33 Price Target

Citigroup has just issued a Neutral rating for Comtech Telecomms (NASDAQ:CMTL) shares. The firm has begun coverage on shares of CMTL in analysts report revealed to investors on Thursday, 17 May. This PT would suggest upside of 6.08 % from the stock close price of Comtech Telecomms (NASDAQ:CMTL).

Comtech Telecommunications Corp. (NASDAQ:CMTL) Ratings Coverage

Among 4 analysts covering Comtech Telecommunications (NASDAQ:CMTL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Comtech Telecommunications has $35.0 highest and $20.0 lowest target. $27’s average target is -13.21% below currents $31.11 stock price. Comtech Telecommunications had 6 analyst reports since December 7, 2017 according to SRatingsIntel. The stock of Comtech Telecommunications Corp. (NASDAQ:CMTL) has “Buy” rating given on Thursday, December 7 by BMO Capital Markets. The rating was maintained by Jefferies on Thursday, December 7 with “Hold”. Northland Capital maintained the shares of CMTL in report on Friday, December 8 with “Buy” rating. The rating was maintained by Noble Financial on Friday, December 8 with “Buy”. The rating was maintained by BMO Capital Markets on Thursday, March 8 with “Buy”. The firm has “Buy” rating by Northland Capital given on Friday, March 9.

The stock decreased 0.51% or $0.16 during the last trading session, reaching $31.11. About 146,247 shares traded. Comtech Telecommunications Corp. (NASDAQ:CMTL) has risen 99.11% since May 18, 2017 and is uptrending. It has outperformed by 87.56% the S&P500.

Analysts await Comtech Telecommunications Corp. (NASDAQ:CMTL) to report earnings on June, 6. They expect $0.11 earnings per share, down 15.38 % or $0.02 from last year’s $0.13 per share. CMTL’s profit will be $2.60M for 70.70 P/E if the $0.11 EPS becomes a reality. After $0.07 actual earnings per share reported by Comtech Telecommunications Corp. for the previous quarter, Wall Street now forecasts 57.14 % EPS growth.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company has market cap of $734.82 million. The company's Commercial Solutions segment provides ground equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c. It has a 28.54 P/E ratio. This segment also offers enterprise application technologies, including location technology, such as Trusted Location, a software scoring system that allows providers to determine mobile location and identify fraudulent behavior and other security risks; Look4, an application that enables clients to build their own applications; Indoor Location, a solution that enables the determination of a cell phone user's geospatial position; text messaging platforms that are used by wireless carriers to provide short-messaging services and to communicate with 911 public safety answering points; and VirtuMedix, a digital health platform that enables virtual healthcare.

More recent Comtech Telecommunications Corp. (NASDAQ:CMTL) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. Also Businesswire.com published the news titled: “Ovum Identifies Comtech as Strong Challenger to Industry Leading Mapping and Navigation Providers” on May 14, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” with publication date: May 17, 2018 was also an interesting one.

Comtech Telecommunications Corp. (NASDAQ:CMTL) Institutional Positions Chart

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