Zacks Investment Research downgraded Comtech Telecomm. Corp. (NASDAQ:CMTL) to Sell in a report released today.
- Updated: October 16, 2016
Yesterday Comtech Telecomm. Corp. (NASDAQ:CMTL) traded 0.19% higher at $11.37. The company’s 50-day moving average is $12.66 and its 200-day moving average is $16.81. The last closing price is down -36.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 235,117 shares of the stock traded hands, down from an average trading volume of 279,229
Zacks Investment Research has downgraded Comtech Telecomm. Corp. (NASDAQ:CMTL) to Sell in a report released on 10/11/2016.
Previously on Wednesday August 24, 2016, Citigroup reported on Comtech Telecomm. Corp. (NASDAQ:CMTL) increased the target price from $0.00 to $13.00. At the time, this indicated a possible downside of -0.01%.
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Comtech Telecomm. Corp. has a 52 week low of $10.67 and a 52 week high of $25.85 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 2 brokers have issued a research note on the company. The average stock price target is $20.25 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Comtech Telecomm. Corp. (NASDAQ:CMTL)
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications. Its RF microwave amplifiers segment designs, develops, manufactures and markets traveling wave tube amplifiers and solid-state power amplifiers, including high-power, narrow and broadband radio frequency (RF) microwave amplifier products. Its mobile data communications segment's products and services relate to its support of the United States Army's Blue Force Tracking (BFT-1) program. It sells its products to customer base in the global commercial and government communications markets, including the backhaul of wireless and cellular traffic, and defense applications.
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