The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) hit a new 52-week low and has $9.77 target or 10.00% below today’s $10.86 share price. The 5 months bearish chart indicates high risk for the $248.91M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $9.77 price target is reached, the company will be worth $24.89 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 111,005 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 48.56% since March 10, 2016 and is downtrending. It has underperformed by 56.08% the S&P500.
Comtech Telecomm. Corp. (NASDAQ:CMTL) Ratings Coverage
Out of 6 analysts covering Comtech Telecomm. Corp. (NASDAQ:CMTL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $19 is the highest target while $11.75 is the lowest. The $14.95 average target is 37.66% above today’s ($10.86) stock price. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. On Friday, October 16 the stock rating was downgraded by TheStreet to “Hold”. The firm earned “Hold” rating on Tuesday, August 2 by Jefferies. Ladenburg Thalmann initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) on Friday, July 22 with “Buy” rating. The rating was maintained by with “Neutral” on Monday, October 10. BMO Capital Markets initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) on Monday, June 20 with “Outperform” rating. The rating was initiated by Citigroup with “Neutral” on Wednesday, August 24. The rating was upgraded by Zacks to “Sell” on Monday, August 10. Jefferies maintained Comtech Telecomm. Corp. (NASDAQ:CMTL) on Wednesday, October 12 with “Hold” rating.
According to Zacks Investment Research, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.”
Insitutional Activity: The institutional sentiment decreased to 1.88 in 2016 Q2. Its down 0.15, from 2.03 in 2016Q1. The ratio is negative, as 15 funds sold all Comtech Telecomm. Corp. shares owned while 28 reduced positions. 33 funds bought stakes while 48 increased positions. They now own 19.76 million shares or 52.85% more from 12.93 million shares in 2016Q1.
Ameriprise Fin Inc accumulated 111,154 shares or 0% of the stock. Teachers Retirement Of The State Of Kentucky has invested 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). Moreover, Group One Trading Lp has 0% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 10,533 shares. Prudential Financial owns 55,193 shares or 0% of their US portfolio. Blackrock accumulated 3,627 shares or 0% of the stock. Jpmorgan Chase & holds 682,807 shares or 0% of its portfolio. Spark Investment Management Limited Liability Com holds 0.1% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 80,600 shares. Stanley holds 30,461 shares or 0.15% of its portfolio. Nationwide Fund holds 121,826 shares or 0.01% of its portfolio. Great West Life Assurance Can accumulated 0% or 1,491 shares. Renaissance Techs Ltd Liability Company last reported 0.01% of its portfolio in the stock. Guggenheim Cap Ltd Co holds 84,804 shares or 0% of its portfolio. Manufacturers Life Insurance Co The owns 11,847 shares or 0% of their US portfolio. Moreover, Alliancebernstein L P has 0% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 11,550 shares. Barrow Hanley Mewhinney Strauss Limited Com holds 113,139 shares or 0% of its portfolio.
More notable recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Declares $0.30 Per Share Quarterly Cash Dividend” on October 06, 2016, also Businesswire.com with their article: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” published on November 23, 2015, Businesswire.com published: “Comtech Telecommunications Corp. Awarded $14.4 Million Order to Supply Managed …” on September 29, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Businesswire.com and their article: “Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U …” published on August 09, 2016 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Commences Tender Offer for TeleCommunication …” with publication date: December 07, 2015.
CMTL Company Profile
Comtech Telecommunications Corp. (Comtech), incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for advanced communications solutions. The Firm operates through three divisions: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Firm sells its products to customer base in the global commercial and government communications markets.
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