Comtech Telecommunications Corp.’s Buy Rating Reaffirmed at JPMorgan Chase & Co. (CMTL)
Comtech Telecommunications Corp. (NASDAQ:CMTL)‘s stock had its “buy” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, Analyst Ratings.Net reports. They currently have a $32.00 target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 19.14% from the stock’s previous close.
Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 4.23% on Monday, hitting $26.86. 273,557 shares of the company’s stock traded hands. Comtech Telecommunications Corp. has a 52 week low of $22.33 and a 52 week high of $27.89. The stock’s 50-day moving average is $24.79 and its 200-day moving average is $25.64. The company has a market cap of $442.1 million and a P/E ratio of 26.57.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.06. The company had revenue of $84.40 million for the quarter, compared to the consensus estimate of $83.68 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 25.2% on a year-over-year basis. Analysts expect that Comtech Telecommunications Corp. will post $1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 19th. Shareholders of record on Friday, October 18th will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, October 16th.
CMTL has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Analysts at Noble Financial upgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $33.00 price target on the stock, up previously from $32.00.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.
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