Several brokerages have updated their recommendations and price targets on shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) in the last few weeks:

  • 8/2/2017 – Comtech Telecommunications Corp. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – Comtech Telecommunications Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves. “
  • 7/27/2017 – Comtech Telecommunications Corp. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – Comtech Telecommunications Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves. “
  • 7/17/2017 – Comtech Telecommunications Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves. “
  • 7/16/2017 – Comtech Telecommunications Corp. was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/10/2017 – Comtech Telecommunications Corp. was given a new $22.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 6/15/2017 – Comtech Telecommunications Corp. was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/9/2017 – Comtech Telecommunications Corp. had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 6/9/2017 – Comtech Telecommunications Corp. had its price target raised by analysts at Citigroup Inc. from $15.00 to $18.00. They now have a “neutral” rating on the stock.
  • 6/8/2017 – Comtech Telecommunications Corp. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $12.50 price target on the stock.

Shares of Comtech Telecommunications Corp. (CMTL) traded down 0.22% during trading on Monday, reaching $17.95. 41,757 shares of the company traded hands. The stock has a market cap of $423.08 million, a P/E ratio of 36.12 and a beta of 1.93. 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 $18.84 and its 200-day moving average price is $14.70.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $127.80 million during the quarter, compared to the consensus estimate of $136.68 million. During the same quarter in the prior year, the firm posted ($0.89) EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect 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. Shareholders of record on Monday, July 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, July 13th. Comtech Telecommunications Corp.’s dividend payout ratio (DPR) is currently 80.00%.

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.

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