Does Comtech Telecommunications (NASDAQ:CMTL) Look Attractive Now? Citigroup Initiates Coverage

May 18, 2018 - By Duane Lopez

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

The Pennsylvania-based Susquehanna Int Ltd Liability Partnership has invested 0% in Comtech Telecommunications Corp. (NASDAQ:CMTL). State Of Tennessee Treasury Department holds 0% or 19,102 shares. Hotchkis And Wiley Management Limited holds 80,479 shares or 0.01% of its portfolio. G2 Prtn Mgmt Limited Company accumulated 93,386 shares. State Board Of Administration Of Florida Retirement has 13,633 shares. Invesco Limited reported 0% stake. Moreover, Rhumbline Advisers has 0% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL). Savings Bank Of Montreal Can reported 48,855 shares or 0% of all its holdings. Millennium Management Ltd Liability Com has invested 0% of its portfolio in Comtech Telecommunications Corp. (NASDAQ:CMTL). Axa accumulated 16,000 shares or 0% of the stock. Thrivent For Lutherans owns 125,025 shares or 0.01% of their US portfolio. Systematic Mgmt Limited Partnership reported 0.03% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Mason Street Advisors Limited Liability has invested 0% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Jacobs Levy Equity has 75,524 shares for 0.03% of their portfolio. Moreover, Wealthtrust has 0% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL).

Since December 11, 2017, it had 0 insider purchases, and 5 insider sales for $4.54 million activity. On Monday, March 12 BURT RICHARD L sold $2.52M worth of Comtech Telecommunications Corp. (NASDAQ:CMTL) or 82,700 shares. 3,318 shares valued at $101,166 were sold by KANTOR EDWIN on Tuesday, April 3. 30,000 Comtech Telecommunications Corp. (NASDAQ:CMTL) shares with value of $642,269 were sold by PORCELAIN MICHAEL.

Why Has Citigroup Given Comtech Telecommunications (NASDAQ:CMTL) a $33.0000 Price Target

Citigroup revealed to clients in an analyst report that it initiated coverage on Comtech Telecommunications (NASDAQ:CMTL) stock, with Hold rating and a $33.0000 price target.

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) earned “Hold” rating by Jefferies on Thursday, December 7. The company was maintained on Thursday, December 7 by BMO Capital Markets. The firm has “Buy” rating given on Friday, March 9 by Northland Capital. On Friday, December 8 the stock rating was maintained by Noble Financial with “Buy”. Northland Capital maintained it with “Buy” rating and $26.0 target in Friday, December 8 report. The rating was maintained by BMO Capital Markets on Thursday, March 8 with “Buy”.

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 EPS, down 15.38 % or $0.02 from last year’s $0.13 per share. CMTL’s profit will be $2.60 million for 70.70 P/E if the $0.11 EPS becomes a reality. After $0.07 actual EPS 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 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. Businesswire.com‘s news article titled: “Ovum Identifies Comtech as Strong Challenger to Industry Leading Mapping and Navigation Providers” with publication date: May 14, 2018 was also an interesting one.

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

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