Comtech Telecommunications Corp. (NASDAQ:CMTL) has earned an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.38.

Several equities research analysts recently weighed in on the company. Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. Zacks Investment Research cut 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 target 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 target on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. Finally, BidaskClub cut shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in Comtech Telecommunications Corp. by 0.8% during the first quarter. Arizona State Retirement System now owns 12,229 shares of the communications equipment provider’s stock worth $180,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its position in Comtech Telecommunications Corp. by 1.0% during the second quarter. Texas Permanent School Fund now owns 17,196 shares of the communications equipment provider’s stock worth $326,000 after purchasing an additional 163 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Comtech Telecommunications Corp. by 3.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after purchasing an additional 210 shares in the last quarter. Prudential Financial Inc. grew its holdings in 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 purchasing an additional 450 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Comtech Telecommunications Corp. by 5.1% in the first quarter. Wells Fargo & Company MN now owns 18,967 shares of the communications equipment provider’s stock valued at $280,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) traded up 2.94% during trading on Wednesday, hitting $20.67. The stock had a trading volume of 109,789 shares. Comtech Telecommunications Corp. has a 12-month low of $9.52 and a 12-month high of $21.40. The stock has a market cap of $487.50 million, a price-to-earnings ratio of 30.85 and a beta of 1.93. The stock’s 50-day moving average is $19.77 and its 200-day moving average is $17.17.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.99%. Comtech Telecommunications Corp.’s payout ratio is 59.70%.

About Comtech Telecommunications Corp.

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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