The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) hit a new 52-week low and has $9.76 target or 10.00% below today’s $10.84 share price. The 8 months bearish chart indicates high risk for the $255.31 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $9.76 price target is reached, the company will be worth $25.53 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 62,924 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 53.68% since March 14, 2016 and is downtrending. It has underperformed by 59.30% 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 37.92% above today’s ($10.84) stock price. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. On Monday, October 10 the stock rating was maintained by with “Neutral”. As per Friday, July 22, the company rating was initiated by Ladenburg Thalmann. Zacks upgraded the stock to “Sell” rating in Monday, August 10 report. Jefferies maintained Comtech Telecomm. Corp. (NASDAQ:CMTL) on Wednesday, October 12 with “Hold” rating. The rating was initiated by Citigroup with “Neutral” on Wednesday, August 24. The company was downgraded on Friday, October 16 by TheStreet. BMO Capital Markets initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) rating on Monday, June 20. BMO Capital Markets has “Outperform” rating and $19 price target. The rating was initiated by Jefferies on Tuesday, August 2 with “Hold”.
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 Q2 2016. Its down 0.15, from 2.03 in 2016Q1. The ratio worsened, 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.
Legal And General Public Limited Liability Company, a United Kingdom-based fund reported 3,039 shares. The Georgia-based Invesco Limited has invested 0% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Credit Suisse Ag has 0% invested in the company for 174,944 shares. State Of Tennessee Treasury Department last reported 0% of its portfolio in the stock. Vanguard Incorporated holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 1.57M shares. Wells Fargo And Mn holds 609,021 shares or 0% of its portfolio. Sentinel Lba reported 62,986 shares or 0.12% of all its holdings. The Massachusetts-based Loomis Sayles And L P has invested 0% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Airain Ltd holds 0.02% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 25,454 shares. Tiaa Cref Inv Mgmt Llc accumulated 0% or 75,577 shares. Pnc Financial Group last reported 0% of its portfolio in the stock. Cubist Systematic Strategies Ltd accumulated 11,869 shares or 0.01% of the stock. Profit Management Limited Liability Company holds 0.5% or 48,252 shares in its portfolio. Princeton Alpha Mgmt L P last reported 25,625 shares in the company. Highbridge Mgmt Lc holds 0.01% or 35,486 shares in its portfolio.
More notable recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Announces $13.4 Million in Funding to Supply …” on October 17, 2016, also Businesswire.com with their article: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” published on November 23, 2015, Finance.Yahoo.com published: “Comtech Telecommunications Corp. Announces Results for Fiscal 2016 Fourth …” on October 06, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Businesswire.com and their article: “Comtech Telecommunications Corp. Awarded $14.4 Million Order to Supply Managed …” published on September 29, 2016 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U …” with publication date: August 09, 2016.
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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