Comtech Telecommunications Corp. (CMTL) Receives $17.38 Average Target Price from Analysts

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.38.

Several equities research analysts recently weighed in on the stock. Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications Corp. in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the stock a “buy” rating in a research note on Monday, July 10th. Citigroup Inc. increased their price objective on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, June 9th. Finally, BidaskClub lowered shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th.

Comtech Telecommunications Corp. (CMTL) traded down 1.41% during mid-day trading on Tuesday, hitting $18.83. The stock had a trading volume of 150,455 shares. The stock has a market cap of $443.82 million, a P/E ratio of 37.89 and a beta of 1.93. The company has a 50 day moving average price of $18.61 and a 200 day moving average price of $15.33. Comtech Telecommunications Corp. has a one year low of $9.52 and a one year high of $19.80.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share 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 net margin of 2.02% and a return on equity of 0.81%. Comtech Telecommunications Corp.’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.89) earnings per share. On average, equities analysts anticipate that Comtech Telecommunications Corp. will post $0.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. Comtech Telecommunications Corp.’s payout ratio is currently 80.00%.

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Large investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Comtech Telecommunications Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,229 shares of the communications equipment provider’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Comtech Telecommunications Corp. by 1.0% in the second quarter. Texas Permanent School Fund now owns 17,196 shares of the communications equipment provider’s stock valued at $326,000 after buying an additional 163 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Comtech Telecommunications Corp. by 3.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock valued at $106,000 after buying an additional 210 shares during the last quarter. 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. Finally, Prudential Financial Inc. raised its stake in shares of Comtech Telecommunications Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 39,273 shares of the communications equipment provider’s stock valued at $579,000 after buying an additional 450 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

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.