Finally Time to Make a Move? Citigroup Initiates Coverage On Comtech Telecom (CMTL) with $33.0 Price Target

May 17, 2018 - By Bradley Stiles

Investors sentiment increased to 1.91 in Q4 2017. Its up 0.60, from 1.31 in 2017Q3. It is positive, 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.

State Of Alaska Department Of Revenue accumulated 4,650 shares. Invesco stated it has 0% of its portfolio in Comtech Telecommunications Corp. (NASDAQ:CMTL). Moreover, Indexiq Advsr Ltd Liability has 0.08% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 95,573 shares. Rhumbline Advisers holds 57,159 shares. Federated Investors Pa owns 401 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa owns 14,677 shares. Parametric Port Associates Lc accumulated 227,488 shares. American Grp Inc holds 0% of its portfolio in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 18,334 shares. Moreover, Northern Tru has 0% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL). Arizona State Retirement holds 0.01% or 39,694 shares in its portfolio. North Carolina-based Wedge Capital Mngmt L L P Nc has invested 0.01% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Arrowstreet Cap Ltd Partnership, a Massachusetts-based fund reported 32,349 shares. Texas Permanent School Fund owns 0% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 15,964 shares. Sector Pension Board invested 0% of its portfolio in Comtech Telecommunications Corp. (NASDAQ:CMTL). Kennedy Capital Mngmt holds 35,104 shares.

Since December 11, 2017, it had 0 buys, and 5 selling transactions for $4.54 million activity. BURT RICHARD L sold 82,700 shares worth $2.52M. Another trade for 3,318 shares valued at $101,166 was made by KANTOR EDWIN on Tuesday, April 3. KORNBERG FRED sold $309,750 worth of stock or 15,000 shares.

Why Has Citigroup Given Comtech Telecom (CMTL) a $33.0 Price Target

Stock research analysts at Citigroup has begun coverage on Comtech Telecom (CMTL) with a key “Neutral” rating. The TP for CMTL is set to $33.0. It gives a possible upside of 5.53 % from firm’s current stock price.

The stock decreased 0.67% or $0.209 during the last trading session, reaching $31.061. About 127,637 shares traded. Comtech Telecommunications Corp. (CMTL) has risen 99.11% since May 17, 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 $2.60 million for 70.59 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 $733.66 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 28.5 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: Businesswire.com which released: “Ovum Identifies Comtech as Strong Challenger to Industry Leading Mapping and Navigation Providers” on May 14, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018 was also an interesting one.

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

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