Comtech Telecommunications Corp. (NASDAQ: CMTL) stock closed at $3.79 on 9/20/24 after a major increase of 10.2%. Moreover, exceptionally high trading volume at 307% of normal accompanied the advance. The stock has risen 15.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CMTL is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Comtech Telecommunications has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Comtech Telecommunications has a very high Appreciation Score of 91 but a slightly negative Power Rating of 31, and the High Neutral Value Trend Rating results.
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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