Zacks Investment Research cut shares of Comtech Telecomm. (NASDAQ:CMTL) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. “

Several other research analysts have also recently commented on CMTL. BidaskClub upgraded shares of Comtech Telecomm. from a hold rating to a buy rating in a research report on Saturday. Northland Securities initiated coverage on shares of Comtech Telecomm. in a research report on Thursday, December 5th. They issued a buy rating and a $44.00 target price for the company. ValuEngine cut shares of Comtech Telecomm. from a hold rating to a sell rating in a research report on Tuesday. Noble Financial restated a buy rating and issued a $40.00 target price on shares of Comtech Telecomm. in a research report on Thursday, November 28th. Finally, Citigroup upped their target price on shares of Comtech Telecomm. from $32.00 to $36.00 and gave the stock a neutral rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Comtech Telecomm. has a consensus rating of Hold and a consensus price target of $37.50.

NASDAQ CMTL traded up $0.27 on Tuesday, hitting $35.95. The stock had a trading volume of 800 shares, compared to its average volume of 152,485. Comtech Telecomm. has a one year low of $20.94 and a one year high of $38.00. The company has a quick ratio of 1.47, a current ratio of 1.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $870.24 million, a price-to-earnings ratio of 26.85, a P/E/G ratio of 5.11 and a beta of 1.45. The company’s 50-day moving average is $35.83 and its two-hundred day moving average is $31.70.

Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Wednesday, December 4th. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. Comtech Telecomm. had a net margin of 4.10% and a return on equity of 6.64%. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $153.83 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Comtech Telecomm.’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Comtech Telecomm. will post 1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, January 14th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 29.85%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in Comtech Telecomm. by 2.3% during the third quarter. Comerica Bank now owns 22,778 shares of the communications equipment provider’s stock valued at $722,000 after purchasing an additional 521 shares during the last quarter. California State Teachers Retirement System lifted its stake in Comtech Telecomm. by 1.7% during the third quarter. California State Teachers Retirement System now owns 36,604 shares of the communications equipment provider’s stock valued at $1,190,000 after purchasing an additional 609 shares during the last quarter. Stifel Financial Corp lifted its stake in Comtech Telecomm. by 1.1% during the third quarter. Stifel Financial Corp now owns 74,836 shares of the communications equipment provider’s stock valued at $2,431,000 after purchasing an additional 784 shares during the last quarter. Prudential Financial Inc. lifted its stake in Comtech Telecomm. by 1.4% during the second quarter. Prudential Financial Inc. now owns 70,593 shares of the communications equipment provider’s stock valued at $1,984,000 after purchasing an additional 950 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Comtech Telecomm. by 41.7% during the second quarter. Susquehanna International Group LLP now owns 8,360 shares of the communications equipment provider’s stock valued at $235,000 after purchasing an additional 2,460 shares during the last quarter. 86.04% of the stock is owned by institutional investors and hedge funds.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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