Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Comtech Telecommunications Corp. (NASDAQ: CMTL) improved of late. CMTL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Comtech Telecommunications Corp. (NASDAQ: CMTL) stock closed at $4.12 on 10/18/24 after a major increase of 16.4%. Moreover, trading volume in this advance was exceptionally high at 237% of normal. The stock has declined -5.3% during the last week and has been 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Comtech Telecommunications has a very high Appreciation Score of 90 but a neutral Power Rating of 41, producing the Positive Value Trend Rating.
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