Analysts Set Comtech Telecommunications Corp. (CMTL) Price Target at $17.17

Comtech Telecommunications Corp. (NASDAQ:CMTL) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat 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 12-month price target among brokers that have issued a report on the stock in the last year is $17.17.

A number of analysts have recently weighed in on CMTL shares. Zacks Investment Research lowered shares of Comtech Telecommunications from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. BMO Capital Markets reiterated a “buy” rating and issued a $21.00 price objective on shares of Comtech Telecommunications in a research note on Thursday, September 28th. Northland Securities reiterated a “buy” rating on shares of Comtech Telecommunications in a research note on Friday, November 17th. BidaskClub lowered shares of Comtech Telecommunications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications in a research note on Friday, September 29th.

Shares of Comtech Telecommunications (NASDAQ CMTL) traded down $0.08 during trading on Thursday, reaching $20.96. 33,574 shares of the company’s stock were exchanged, compared to its average volume of 154,497. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.67 and a quick ratio of 1.25. Comtech Telecommunications has a twelve month low of $9.65 and a twelve month high of $22.90. The firm has a market cap of $494.36, a price-to-earnings ratio of 61.65, a price-to-earnings-growth ratio of 10.22 and a beta of 1.92.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Comtech Telecommunications had a net margin of 2.88% and a return on equity of 1.70%. The business had revenue of $147.80 million for the quarter, compared to analyst estimates of $150.57 million. During the same quarter in the prior year, the business posted $0.14 EPS. Comtech Telecommunications’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts anticipate that Comtech Telecommunications will post 0.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Wednesday, October 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.40 annualized dividend and a yield of 1.91%. Comtech Telecommunications’s dividend payout ratio is presently 59.70%.

A number of hedge funds have recently added to or reduced their stakes in CMTL. Huber Capital Management LLC grew its position in Comtech Telecommunications by 22.1% during the second quarter. Huber Capital Management LLC now owns 2,574,504 shares of the communications equipment provider’s stock valued at $48,838,000 after buying an additional 465,139 shares during the period. Uniplan Investment Counsel Inc. grew its position in Comtech Telecommunications by 149.3% during the second quarter. Uniplan Investment Counsel Inc. now owns 566,738 shares of the communications equipment provider’s stock valued at $10,751,000 after buying an additional 339,399 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in Comtech Telecommunications by 127.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 530,000 shares of the communications equipment provider’s stock valued at $10,054,000 after purchasing an additional 297,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Comtech Telecommunications by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock valued at $24,927,000 after purchasing an additional 224,033 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Comtech Telecommunications by 10.5% during the second quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock valued at $29,508,000 after purchasing an additional 147,920 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

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Comtech Telecommunications 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 (NASDAQ:CMTL)

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