Comtech Telecommunications Corp. (NASDAQ:CMTL) has earned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.30.

Several equities analysts have issued reports on CMTL shares. BMO Capital Markets reiterated a “buy” rating and set a $17.00 target price on shares of Comtech Telecommunications Corp. in a research report on Wednesday, June 7th. Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Monday, March 13th. ValuEngine upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC restated a “hold” rating and issued a $12.50 price target on shares of Comtech Telecommunications Corp. in a report on Thursday, June 8th. Finally, Citigroup Inc. upped their price target on Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, June 9th.

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Several large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Comtech Telecommunications Corp. by 11.7% in the first quarter. Great West Life Assurance Co. Can now owns 32,948 shares of the communications equipment provider’s stock worth $485,000 after buying an additional 3,444 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Comtech Telecommunications Corp. by 5.1% in the first quarter. Wells Fargo & Company MN now owns 18,967 shares of the communications equipment provider’s stock worth $280,000 after buying an additional 913 shares in the last quarter. Profit Investment Management LLC boosted its stake in Comtech Telecommunications Corp. by 29.9% in the first quarter. Profit Investment Management LLC now owns 62,694 shares of the communications equipment provider’s stock worth $924,000 after buying an additional 14,442 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Comtech Telecommunications Corp. by 1.0% in the first quarter. Capstone Asset Management Co. now owns 23,282 shares of the communications equipment provider’s stock worth $343,000 after buying an additional 230 shares in the last quarter. Finally, Creative Planning boosted its stake in Comtech Telecommunications Corp. by 9.8% in the first quarter. Creative Planning now owns 113,000 shares of the communications equipment provider’s stock worth $1,666,000 after buying an additional 10,100 shares in the last quarter. Institutional investors and hedge funds own 83.09% of the company’s stock.

Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 0.85% during trading on Monday, hitting $19.02. The stock had a trading volume of 100,521 shares. The firm has a market cap of $448.30 million, a P/E ratio of 38.27 and a beta of 1.94. Comtech Telecommunications Corp. has a 12-month low of $9.52 and a 12-month high of $19.80. The stock’s 50 day moving average price is $15.55 and its 200 day moving average price is $13.22.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its earnings results on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $136.68 million. During the same quarter in the previous year, the firm posted ($0.89) EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that Comtech Telecommunications Corp. will post $0.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 13th. Comtech Telecommunications Corp.’s dividend payout ratio is currently 80.00%.

Comtech Telecommunications Corp. Company Profile

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

Analyst Recommendations for Comtech Telecommunications Corp. (NASDAQ:CMTL)

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