Northland Securities analyst Michael Latimore maintained a Buy rating on Comtech Telecommunications (CMTL) today and set a price target of $42. The company’s shares closed yesterday at $26.54.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 12.8% and a 54.7% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Currently, the analyst consensus on Comtech Telecommunications is a Moderate Buy with an average price target of $40.
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Comtech Telecommunications’ market cap is currently $640.6M and has a P/E ratio of 24.37. The company has a Price to Book ratio of 1.22.
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.
