Comtech Telecommunications Corp. (NASDAQ:CMTL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other brokerages have also weighed in on CMTL. Zacks Investment Research lowered shares of Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price target on shares of Comtech Telecommunications Corp. in a report on Wednesday, June 7th. ValuEngine raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.50 price target on shares of Comtech Telecommunications Corp. in a report on Thursday, June 8th. Finally, Citigroup Inc. lifted their price target on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Comtech Telecommunications Corp. has a consensus rating of “Hold” and a consensus target price of $18.42.

Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) traded up 5.86% during midday trading on Monday, hitting $19.32. 206,906 shares of the stock were exchanged. The company has a market cap of $455.37 million, a PE ratio of 38.87 and a beta of 1.93. Comtech Telecommunications Corp. has a 12-month low of $9.52 and a 12-month high of $19.80. The firm has a 50-day moving average price of $18.64 and a 200-day moving average price of $15.16.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The company had revenue of $127.80 million during 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%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business earned ($0.89) EPS. On average, equities analysts predict that Comtech Telecommunications Corp. will post $0.65 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in 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 period. Public Employees Retirement System of Ohio raised its position in Comtech Telecommunications Corp. by 12.3% in the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock valued at $132,000 after buying an additional 984 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Comtech Telecommunications Corp. during the first quarter valued at approximately $159,000. Arizona State Retirement System raised its position in 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 period. Finally, American International Group Inc. raised its position in Comtech Telecommunications Corp. by 7.9% in the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock valued at $202,000 after buying an additional 1,010 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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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