Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.38.

A number of research analysts recently weighed in on CMTL shares. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of Comtech Telecommunications Corp. in a research report on Wednesday, June 7th. Jefferies Group LLC restated a “hold” rating and set a $12.50 price objective on shares of Comtech Telecommunications Corp. in a research report on Thursday, June 8th. Citigroup Inc. increased their price objective on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. Finally, ValuEngine upgraded shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th.

Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) traded up 1.12% during midday trading on Friday, hitting $19.90. 298,288 shares of the stock traded hands. The firm has a market capitalization of $469.04 million, a PE ratio of 40.04 and a beta of 1.91. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $19.94. The company’s 50-day moving average is $18.81 and its 200 day moving average is $16.16.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The company had revenue of $127.80 million for the quarter, compared to the consensus estimate of $136.68 million. Comtech Telecommunications Corp. had a net margin of 2.02% and a return on equity of 0.81%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.89) earnings per share. Analysts anticipate that Comtech Telecommunications Corp. will post $0.65 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the business. Airain ltd purchased a new stake in Comtech Telecommunications Corp. during the first quarter valued at approximately $681,000. Capstone Asset Management Co. increased its holdings in Comtech Telecommunications Corp. by 1.0% during 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. State of Wisconsin Investment Board increased its holdings in Comtech Telecommunications Corp. by 7.2% during the first quarter. State of Wisconsin Investment Board now owns 320,000 shares of the communications equipment provider’s stock valued at $4,717,000 after buying an additional 21,567 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Comtech Telecommunications Corp. by 36.5% during the first quarter. Parametric Portfolio Associates LLC now owns 196,144 shares of the communications equipment provider’s stock valued at $2,891,000 after buying an additional 52,425 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Comtech Telecommunications Corp. by 10.9% during the first quarter. Swiss National Bank now owns 38,800 shares of the communications equipment provider’s stock valued at $572,000 after buying an additional 3,800 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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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