Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.70.

A number of research firms have recently issued reports on CMTL. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. Zacks Investment Research lowered shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Northland Securities set a $22.00 price target on shares of Comtech Telecommunications Corp. and gave the stock a “buy” rating in a research report on Monday, July 10th. Citigroup Inc. increased their price target on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, BidaskClub lowered shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th.

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Several large investors have recently made changes to their positions in CMTL. Pacific Ridge Capital Partners LLC bought a new stake in shares of Comtech Telecommunications Corp. during the first quarter valued at about $3,438,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Comtech Telecommunications Corp. during the first quarter valued at about $3,431,000. Dimensional Fund Advisors LP increased its stake in shares of Comtech Telecommunications Corp. by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock valued at $24,927,000 after buying an additional 224,033 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Comtech Telecommunications Corp. by 248.7% in the fourth quarter. Guggenheim Capital LLC now owns 298,377 shares of the communications equipment provider’s stock valued at $3,536,000 after buying an additional 212,804 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Comtech Telecommunications Corp. by 9.3% in the first quarter. Royce & Associates LP now owns 1,407,584 shares of the communications equipment provider’s stock valued at $20,748,000 after buying an additional 119,689 shares during the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.

Shares of Comtech Telecommunications Corp. (CMTL) traded up 0.32% during trading on Friday, reaching $18.80. 44,621 shares of the company traded hands. The firm has a 50-day moving average price of $18.34 and a 200-day moving average price of $14.29. The firm has a market capitalization of $443.12 million, a PE ratio of 37.83 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.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 17th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, July 13th. Comtech Telecommunications Corp.’s dividend payout ratio is 80.00%.

About Comtech Telecommunications Corp.

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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