Comtech Telecommunications Corp. (NASDAQ:CMTL) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.38.

CMTL has been the topic of several analyst reports. Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 target price on shares of Comtech Telecommunications Corp. in a report on Wednesday, June 7th. Zacks Investment Research raised Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, July 17th. BidaskClub lowered Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Northland Securities set a $22.00 target price on Comtech Telecommunications Corp. and gave the stock a “buy” rating in a report on Monday, July 10th.

A number of hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Comtech Telecommunications Corp. by 7.1% in the fourth quarter. State Street Corp now owns 540,616 shares of the communications equipment provider’s stock valued at $6,403,000 after buying an additional 35,730 shares during the last quarter. FMR LLC acquired a new stake in shares of Comtech Telecommunications Corp. during the fourth quarter valued at approximately $486,000. Capstone Asset Management Co. raised its stake in shares of 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 valued at $343,000 after buying an additional 230 shares during the last quarter. Profit Investment Management LLC raised its stake in shares of 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 valued at $924,000 after buying an additional 14,442 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of 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 valued at $280,000 after buying an additional 913 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded down 0.62% on Tuesday, hitting $19.20. The company had a trading volume of 52,812 shares. The company has a market capitalization of $452.54 million, a price-to-earnings ratio of 38.63 and a beta of 1.93. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $19.80. The stock’s 50-day moving average is $18.64 and its 200 day moving average is $15.16.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted 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. The firm had revenue of $127.80 million for the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. Comtech Telecommunications Corp.’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned ($0.89) earnings per share. Equities analysts expect that Comtech Telecommunications Corp. will post $0.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 17th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, July 13th. Comtech Telecommunications Corp.’s payout ratio is currently 80.00%.

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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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