Ladenburg Keeps Their Buy Rating on Comtech Telecommunications

By Ryan Adsit

In a report released today, Glenn G Mattson from Ladenburg maintained a Buy rating on Comtech Telecommunications (NASDAQ: CMTL), with a price target of $35. The company’s shares opened today at $34.61, equals to its 52-week high of $34.61.

According to TipRanks.com, Mattson is a 4-star analyst with an average return of 15.4% and a 61.1% success rate. Mattson covers the Technology sector, focusing on stocks such as Progress Software Corp, Brightcove Inc, and Digimarc Corp.

Currently, the analyst consensus on Comtech Telecommunications is Moderate Buy and the average price target is $33.25, representing a -3.9% downside.

In a report released today, Noble Financial also maintained a Buy rating on the stock with a $33.50 price target.

See today’s analyst top recommended stocks >>

Comtech Telecommunications’ market cap is currently $765.1M and has a P/E ratio of 29.72. The company has a Price to Book ratio of 1.56.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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Comtech Telecommunications Corp. engages in the design, development, production and market products, systems and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segments.