In a report issued on June 7, Joe Gomes from Noble Financial maintained a Buy rating on Comtech Telecommunications (CMTL), with a price target of $38. The company’s shares closed on Friday at $27.21.
According to TipRanks.com, Gomes is a 3-star analyst with an average return of 4.5% and a 42.3% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, DLH Holdings, and Vectrus.
Currently, the analyst consensus on Comtech Telecommunications is a Moderate Buy with an average price target of $40, implying a 47.0% upside from current levels. In a report issued on June 7, Northland Securities also assigned a Buy rating to the stock with a $42 price target.
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The company has a one-year high of $36.94 and a one-year low of $20.95. Currently, Comtech Telecommunications has an average volume of 197.3K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.
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Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment.
