Comtech Telecommunications Corp. (NASDAQ:CMTL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $20.92 and last traded at $20.92, with a volume of 48,084 shares trading hands. The stock had previously closed at $20.66.

CMTL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. Jefferies Group LLC reissued a “hold” rating and issued a $12.50 price target on shares of Comtech Telecommunications Corp. in a report on Thursday, June 8th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price target on shares of Comtech Telecommunications Corp. in a report on Wednesday, June 7th. Finally, Citigroup Inc. increased their price target on Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.42.

The stock has a market cap of $485.31 million, a P/E ratio of 41.43 and a beta of 1.91. The company has a 50-day moving average price of $19.22 and a 200-day moving average price of $16.68.

Several institutional investors have recently bought and sold shares of CMTL. Huber Capital Management LLC grew its position in Comtech Telecommunications Corp. by 22.1% during the second quarter. Huber Capital Management LLC now owns 2,574,504 shares of the communications equipment provider’s stock worth $48,838,000 after buying an additional 465,139 shares in the last quarter. Uniplan Investment Counsel Inc. grew its position in Comtech Telecommunications Corp. by 149.3% during the second quarter. Uniplan Investment Counsel Inc. now owns 566,738 shares of the communications equipment provider’s stock worth $10,751,000 after buying an additional 339,399 shares in the last quarter. Paradigm Capital Management Inc. NY grew its position in Comtech Telecommunications Corp. by 127.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 530,000 shares of the communications equipment provider’s stock worth $10,054,000 after buying an additional 297,200 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Comtech Telecommunications Corp. by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock worth $24,927,000 after buying an additional 224,033 shares in the last quarter. Finally, Royce & Associates LP grew its position in Comtech Telecommunications Corp. by 10.5% during the second quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock worth $29,508,000 after buying an additional 147,920 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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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.

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