The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) hit a new 52-week low and has $8.33 target or 14.00% below today’s $9.69 share price. The 7 months bearish chart indicates high risk for the $219.36M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $8.33 price target is reached, the company will be worth $30.71M 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 52,436 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 58.89% since April 1, 2016 and is downtrending. It has underperformed by 60.11% 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. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Sell” on Monday, August 10. Jefferies initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) on Tuesday, August 2 with “Hold” rating. As per Wednesday, October 12, the company rating was maintained by Jefferies. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) has “Hold” rating given on Friday, October 16 by TheStreet. The firm has “Buy” rating given on Friday, July 22 by Ladenburg Thalmann. On Monday, June 20 the stock rating was initiated by BMO Capital Markets with “Outperform”. Citigroup initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) on Wednesday, August 24 with “Neutral” rating. The firm has “Neutral” rating by given on Monday, October 10.
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 dived, 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.
Vanguard Grp Inc Inc holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 1.57 million shares. Paloma Prns Management holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 12,296 shares. Sentinel Trust Co Lba, a Texas-based fund reported 62,986 shares. Mondrian Inv Limited holds 179,281 shares or 0.05% of its portfolio. Columbia L L C Invest Mgmt last reported 234,780 shares in the company. The New York-based D E Shaw & Comm has invested 0% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Mufg Americas owns 852 shares or 0% of their US portfolio. Teacher Retirement Of Texas reported 2,252 shares or 0% of all its holdings. Moreover, California Employees Retirement has 0.01% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 340,395 shares. Price T Rowe Assocs Inc Md last reported 0% of its portfolio in the stock. Arizona State Retirement Sys has 14,029 shares for 0% of their US portfolio. Bank & Trust Of Montreal Can owns 120 shares or 0% of their US portfolio. Bancorp Of New York Mellon Corp owns 350,462 shares or 0% of their US portfolio. Airain last reported 0.02% of its portfolio in the stock. Lsv Asset Mgmt, a Illinois-based fund reported 267,100 shares.
Insider Transactions: Since October 14, 2016, the stock had 0 buys, and 1 insider sale for $32,850 net activity. $32,850 worth of Comtech Telecomm. Corp. (NASDAQ:CMTL) was sold by KANTOR EDWIN.
More notable recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Awarded $1.2 Million Equipment Order to …” on November 03, 2016, also Businesswire.com with their article: “Comtech Telecommunications Corp. Announces Contract Renewal of Approximately …” published on October 31, 2016, Businesswire.com published: “Comtech Telecommunications Corp. Receives $1.9 Million Product Order from …” on October 26, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Businesswire.com and their article: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” published on November 23, 2015 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Appoints Dr. Yacov A. Shamash to Its Board of …” with publication date: October 17, 2016.
CMTL Company Profile
Comtech Telecommunications Corp., incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for communications solutions. The Firm operates through two divisions: Commercial Solutions and Government Solutions. The Firm offers communications solutions, including command and control technologies, safety and security technologies, and enterprise technologies. The Firm serves system and network suppliers in the global satellite, defense, broadcast and aerospace industries, as well as the federal government of the United States, the state and local governments of the United States, and foreign governments.
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