A number of research firms have changed their ratings and price targets for Comtech Telecommunications Corp. (NASDAQ: CMTL):

  • 10/6/2017 – 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 and produces a wide range of telecom systems and services. The company’s telecom transmission division markets such products as satellite earth station equipment and over-the-horizon microwave systems. The mobile data communications department offers mobile satellite transceivers and satellite packet data networks. Comtech also manufactures broadband amplifiers in the microwave and radio frequency spectrums. Its amplifiers are used in both defense and commercial applications. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies. Its Commercial Solutions segment provides satellite communications (such as satellite earth station modems and traveling wave tube amplifiers), public safety systems (such as next generation 911 technologies) and enterprise application technologies (such as messaging and trusted location-based technologies. “
  • 10/4/2017 – Comtech Telecommunications Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Comtech Telecommunications Corp. designs and produces a wide range of telecom systems and services. The company’s telecom transmission division markets such products as satellite earth station equipment and over-the-horizon microwave systems. The mobile data communications department offers mobile satellite transceivers and satellite packet data networks. Comtech also manufactures broadband amplifiers in the microwave and radio frequency spectrums. Its amplifiers are used in both defense and commercial applications. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies. Its Commercial Solutions segment provides satellite communications (such as satellite earth station modems and traveling wave tube amplifiers), public safety systems (such as next generation 911 technologies) and enterprise application technologies (such as messaging and trusted location-based technologies. “
  • 9/29/2017 – Comtech Telecommunications Corp. had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 9/28/2017 – Comtech Telecommunications Corp. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $21.00 price target on the stock.
  • 8/14/2017 – Comtech Telecommunications Corp. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 22.69 on Thursday. Comtech Telecommunications Corp. has a 52-week low of $9.52 and a 52-week high of $22.90. The stock has a 50 day moving average price of $20.21 and a 200-day moving average price of $17.44. The stock has a market capitalization of $535.14 million, a price-to-earnings ratio of 33.87 and a beta of 1.93.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Comtech Telecommunications Corp. had a return on equity of 1.70% and a net margin of 2.88%. The firm had revenue of $147.80 million during the quarter, compared to the consensus estimate of $150.57 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Comtech Telecommunications Corp. will post $0.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, October 18th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, October 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. Comtech Telecommunications Corp.’s dividend payout ratio is currently 59.70%.

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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