Comtech Telecommunications Corp. Stock Rating Upgraded by Noble Financial (CMTL)
Comtech Telecommunications Corp. (NASDAQ:CMTL) was upgraded by equities research analysts at Noble Financial to a “buy” rating in a research note issued to investors on Monday, Analyst Ratings Network reports.
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 25.77 on Monday. 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 $24.76 and its 200-day moving average is $25.61. The company has a market cap of $424.1 million and a P/E ratio of 26.57.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings data 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. Stockholders 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 4.27%. The ex-dividend date of this dividend is Wednesday, October 16th.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.