Comtech Telecommunications Corp. (NASDAQ: CMTL) stock closed at $3.51 on 3/27/24 after a major increase of 12.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 241% of normal. The stock has risen 2.3% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CMTL is expected to continue to be Value Creation neutral.
Comtech Telecommunications has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Comtech Telecommunications has a very high Appreciation Score of 94 but a very low Power Rating of 5, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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