The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) hit a new 52-week low and has $8.77 target or 14.00% below today’s $10.20 share price. The 7 months bearish chart indicates high risk for the $236.83 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $8.77 price target is reached, the company will be worth $33.16 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 133,047 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 56.33% since April 7, 2016 and is downtrending. It has underperformed by 61.11% 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. 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 firm earned “Neutral” rating on Wednesday, August 24 by Citigroup. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) has “Sell” rating given on Monday, August 10 by Zacks. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) earned “Hold” rating by TheStreet on Friday, October 16. The firm has “Hold” rating given on Tuesday, August 2 by Jefferies. The firm earned “Hold” rating on Wednesday, October 12 by Jefferies. Ladenburg Thalmann initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) on Friday, July 22 with “Buy” rating. maintained Comtech Telecomm. Corp. (NASDAQ:CMTL) on Monday, October 10 with “Neutral” 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 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.
Princeton Alpha Mngmt L P accumulated 25,625 shares or 0.06% of the stock. Ls Advsrs Limited, a Michigan-based fund reported 548 shares. Columbia Prns L L C Mgmt, a Maryland-based fund reported 234,780 shares. Wedge Cap Mgmt L L P Nc holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 34,800 shares. Mufg Americas holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 852 shares. Secor Cap Advisors Lp has invested 0.05% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). Pinebridge Investments Ltd Partnership has invested 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). Strs Ohio last reported 30,300 shares in the company. Paloma Partners holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 12,296 shares. Los Angeles & Equity Research has 36,649 shares for 0% of their US portfolio. Stanley holds 30,461 shares or 0.15% of its portfolio. Thrivent For Lutherans accumulated 70,380 shares or 0% of the stock. Barclays Plc reported 4,318 shares or 0% of all its holdings. State Of Tennessee Treasury Department holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 12,802 shares. Wells Fargo And Mn last reported 609,021 shares in the company.
Insider Transactions: Since October 14, 2016, the stock had 0 buys, and 1 sale for $32,850 net activity. KANTOR EDWIN sold $32,850 worth of stock or 3,000 shares.
More important recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Announces $8.8 Million in Funding to Supply U …” on November 08, 2016, also Businesswire.com published article titled: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …”, 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) was released by: Businesswire.com and their article: “Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U …” with publication date: August 09, 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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